Gaitame’s April Trading Volumes Extend Monthly Decline

Japanese foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term broking giant Gaitame has reported its comprehensive trading metrics for the month ending April 2016, which continued to illustrate a growing number of accounts and other key volumes figures, both over a MoM and YoY interval, according to a recent Gaitame release.

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In terms of client accounts and the broker, Gaitame saw a total of 417,204 accounts in April 2016, justifying a marginal move of less than 1.0% MoM from 414,839 accounts in March 2016 or a net increase of 2,365 accounts during the month. However, the latest monthly figures at Gaitame have now built on a string of consecutive performances, which have climbed in every month of the 2016 year, rising 2.0% YTD, as well as an all-time high.

Looking at the group’s deposit totals in April 2016, Gaitame disclosed a figure of $1.1 billion (¥114.6 billion), edging higher by less than 1.0% MoM from $1.04 billion (¥113.1 billion) of deposits in March 2016. As was the case with the number of accounts at the broker, the latest figures notched all-time highs at Gaitame and four consecutive months of advancement.

This strength was not extended to Gaitame’s April 2016 trading volumes, which once again took a tumble MoM, coming in at just $2.26 billion (¥246.5 billion) for the month, lower by a factor of -4.7% MoM from $2.4 billion (¥258.6 billion) in March 2016. Indeed, April’s volumes are a ways off from the broker’s peak of $2.26 billion $3.4 billion (¥366.4 billion) set back in February 2016, which is a full -32.7% lower.