Leading US brokerage Forex.com reported that both its retail and institutional trading volumes have increased in September 2016, compared to previous month. The broker’s OTC retail volume came in at $207.8 billion, up from $191.9 billion reached in August, however the figure represents a significant drop of more than 40% compared to the same period a year earlier.
Gain Capital‘s institutional volume, on the other hand, increased both on the month (by 24.1%) and on a yearly basis (by 28.7%), coming in at $186.3 billion.
What is more, the broker reported its average daily volume in September amounted to $9.4 billion (up 13.2% MoM) in the retail segment and $8.5 billion (up 29.8% MoM) from institutional operations. Active OTC retail accounts declined by a monthly 1.9% to 133,009, also posting an annual drop of 11.2%.Publication source