NEW YORK, LONDON and TOKYO, Dec. 1, 2016 /PRNewswire/ -- GTX's ECN achieved a record average daily volume (ADV) of $10.3 billion during the month of November 2016. This record exceeds the previous $9.6 billion high set in June 2016.
Including volume handled by the firm's registered swap dealer, which provides anonymous, agency execution services, GTX's overall November ADV was $14.3 billion, the second highest in its history.
"We are gratified to see record ECN trading volume exceeding the milestone $10 billion level," said Vincent Sangiovanni, CEO, GTX Bermuda Ltd. "The record speaks to the growing utility of the GTX ECN to our clients and marks the venue's strong, long-term volume growth."
The record trading volume coincides with the global expansion of the GTX ECN. In October, GTX launched an ECN matching engine in London and is on track to launch a matching engine in Tokyo at the end of January 2017.
GTX is the institutional foreign exchange trading arm of GAIN Capital Holdings Inc.
GTX operates electronic trading venues and provides agency execution and clearing services for buy and sell-side institutional FX market participants.
GTX provides an array of electronic and voice trading solutions through its various entities including an ECN, prime services, a Swap Execution Facility for NDF trading, and a Registered Swap Dealer, which facilitates trade executions on an agency basis. Clients include banks, hedge funds, CTAs, fund managers, proprietary traders, brokers, and algorithmic trading firms.
For more company information, visit www.gaingtx.com.
About GAIN Capital
GAIN Capital (NYSE: GCAP) provides market access and trade execution services to a diverse client base of retail and institutional investors across a range of exchange-traded and OTC markets. Founded in 1999, the company today supports customers in over 180 countries via several globally recognized brands, including FOREX.com, City Index and GTX.
GAIN Capital is headquartered in Bedminster, New Jersey, with a global presence across North America, Europe and the Asia Pacific regions.
For more company information, visit www.gaincapital.com.
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SOURCE GAIN Capital