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August 11, 2014
16:38 EDTGCAPGAIN Capital reports Q2 EPS (13c), consensus 7c
Reports Q2 revenue $69.7M, consensus $66.52M. Reports Q2 retail OTC trading volume of $522.2B, up 13% from the second quarter of 2013. Reports Institutional trading volume of $1.3T, up 27%, and average daily futures contracts of 26,322, up 19%. The company said, "Currency volatility fell to its lowest level in more than 10-years in the second quarter, which resulted in retail OTC revenue capture that was 30% below our trailing twelve month average. The severe downturn in revenue capture significantly impacted the performance of our retail OTC business and offset substantial growth in our institutional and futures businesses. Despite the poor market conditions, our core operating metrics remained stable across the board, demonstrating our ability to attract and maintain customers and positioning us to benefit when market conditions revert to historical norms."
News For GCAP From The Last 14 Days
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January 16, 2015
09:24 EDTGCAPGAIN Capital CEO says had taken risk steps ahead of surprise SNB change
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09:12 EDTGCAPOn The Fly: Pre-market Movers
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09:05 EDTGCAPGAIN Capital volatility elevated on wide price movement
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08:41 EDTGCAPGAIN Capital comments on volatility of Swiss Franc
In response to yesterday's extreme volatility in the Swiss Franc, GAIN Capital said, "Our strong risk-management framework allowed us to generate a profit on one of the most turbulent days for the global currency markets in recent years. We remain focused on managing our risk, taking a conservative approach to managing our exposure to global currencies, while providing liquidity and high-quality execution to our global client base. Events such as the SNB announcement, although unexpected, can be mitigated in their impact using a comprehensive, consistent approach to risk management, a focus on maintaining robust, scalable trading technology and vigilantly focusing on our customers. We have positioned ourselves to effectively manage risk during both calm and tumultuous markets and our performance during this recent event shows that."

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