Gaitame's July 2017 Trading Volumes Fall 28.8 percent YoY

Japanese Forex brokerage group Gaitame has released its trading metrics for July 2017, which indicate subtle changes for the most part on both month-on-month and year-on-year bases.

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In July, the number of client accounts at Gaitame rose to 450,502, up 0.41 percent month-on-month, compared to the 448,678 accounts registered in the preceding June. This time last year there had been 425,447 client accounts, which points to an increase of 5.89 percent on a year-on-year basis.

Total deposits in July 2017 reached $1.03 billion (¥113.87 billion), up 0.8 percent on a month-on-month basis, from June’s $1.02 billion (¥112.97 billion). In July 2016, total deposits were estimated at about $1 billion (¥110.52 billion), so Gaitame is looking at slight growth of 3.03 percent year-on-year.

Gaitame saw a decrease in trading volumes during July 2017, which fell from the previous June’s $1.81 billion (¥199.70 billion) to $1.72 billion (¥190.35 billion), down 4.69 percent on a month-on-month basis. In July 2016, trading volumes stood at $2.4 billion (¥267.21 billion), which is a further decrease of 28.77 percent year-on-year.

The Japanese Forex Broker earlier released its May 2017 trading metrics, which showed a recovery from the decreases it saw this year. The number of client accounts alone reached an all time high, to name one dramatic change.