GAIN Capital Holdings, Inc. (“GAIN” or “the Company”) reported certain operating metrics for the month of December 2019.
“Market conditions remained soft during the fourth quarter with CVIX down 13% and the VIX down 12% compared to the third quarter. However our Retail revenue capture for the quarter was approximately $94, only slightly below our long term average, whilst revenue per contract in Futures was approximately $4.60 in line with the third quarter,” stated Glenn Stevens, CEO of GAIN Capital.
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“In the fourth quarter and throughout 2019 our key client metrics improved significantly over 2018. Specifically, new direct accounts3 in the fourth quarter increased 56% and new traded direct accounts4 increased 32% compared to the prior year quarter. In fact, the trailing 3 month direct active accounts5 increased for a fourth consecutive quarter and are now 12% higher than December 2018. Given the subdued market conditions, we dialed back Q4 marketing spend by about 25% compared with Q3 but nonetheless remain well positioned to capitalize on increased volatility upon the return of more normal market conditions,” continued Mr. Stevens.
GAIN Capital Holdings, Inc. provides innovative trading technology and execution services to retail and institutional investors worldwide, with multiple access points to OTC markets and global exchanges across a wide range of asset classes, including foreign exchange, commodities, and global equities.
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