GMO Suffers Decline in Preliminary Operating Revenues During July

Japanese broking giant GMO CLICK Holdings, Inc. has reported its preliminary operating revenues for July 2016, which yielded a much lower performance over a monthly and yearly timeframe – the downtrend in monthly revenues remains intact despite a strong performance in June 2016, according to a GMO CLICK report.

Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!

Per the latest figures, GMO CLICK’s July 2016 preliminary operating revenues came in at $17.2 million (¥1.75 billion), which orchestrated a pronounced decline from $29.6 million (¥3.02 billion) set back in June 2016 – this corresponded to a monthly decline of just -42.1% MoM, which was largely emblematic of reduced volumes and activity from a highly volatile month prior, instigated by the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term referendum.

Trending Lower

Looking further into the latest data, GMO CLICK’s July 2016 preliminary revenues were also lower by a margin of -26.2% YoY from $23.2 million (¥2.37 billion) in July 2015. With the notable exception of June, GMO CLICK’s operating revenues have trended lower in each month during 2016 – recently inking its lowest revenues in over a year.

Earlier this month, GMO CLICK released its overall July 2016 trading volumes, which came in at $1.14 trillion (¥116.4 trillion) during July 2016 - this constituted a rise of 5.7% MoM from June’s $1.08 trillion (¥110.2 trillion). The increase also built on last month’s figures despite a differential of 20 trading days versus June’s 22 days.