Japanese FX broker Gaitame has released its February trading metrics showing a month-over-month (MoM) rise across top-line numbers including the number of client accounts, deposits, and trading volume, as well as year-over-year rises for February. The slight increases for Gaitame during February occurred amidst the market Volatility that hampered volumes at some exchanges and brokerages elsewhere, yet helped increase trading volumes at other venues.
For Gaitame, the company showed that the number of client’s trading accounts during February reached 412,017, up 0.76 percent from 408,884 in January, a MoM increase of 3,133 accounts.
Trading volumes reached nearly ¥366,416 million yen (or $3.22 billion at today's rates), up by almost 0.40% from ¥352,719 million ($3.10 billion) MoM, or ¥13,697 million to be exact. Volumes were higher also year-over-year from ¥245,665 million in February 2015, yet still off from the company's record high of ¥426,919 million in December 2014 - just 14 months ago. The amount of margin on deposit with the firm also rose in February to ¥112,170 million ($989 million), virtually unchanged from ¥112,166 million ($989 million) in January.
Overall the company has been recovering strongly from its slump last November, as seen in the number reported that month. The news follows the company's recent announcement on lowering leverage, as margin rates have been bumped up for certain currency pairs by a number of brokers after volatility in FX markets reached multi-year highs over the last few months.
