11 October, 2016
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%.