GMO Click FX Volumes Drop in October 2017, Accounts Slightly Up

Japanese broking giant GMO Click has reported its October 2017 trading volumes, which took a step back, ultimately paring the last ‎month’s gains, according to a GMO Click Statement.

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The last few months of the 2017 calendar year had seen diminishing trading volumes, including a yearly low figure of ¥66.2 trillion ($600 billion) marked back in July – since then GMO Click’s trading volumes have been on the uptick, having secured a monthly advance in September but once again turned lower in October.

For the month ending October 2017, GMO Click disclosed a figure of ¥73.1 trillion ($640 billion) for its over-the-counter (OTC) FX trading volumes, which represents a loss of 19.7 percent month-over-month from ¥91.0 trillion ($797 billion) in September 2017, the highest figure since February 2017.

In terms of FX OTC accounts, which trade through the company’s retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading FXNeo platform, the figure reversed the narrative, yielding 507,426 accounts which reflects a marginal increase of 0.96 percent month-over-month from 502,617, indicating that 4,809 new accounts were added over the prior month.

Within the reported Click 365 segment, the trading volumes were also lower, coming in at 399,093 contracts in October 2017, down 9.0 percent from 438,860 a month earlier.

Furthermore, the number of TFX Click 365 accounts during October 2017 increased to 401,000 from 396, 319 in September 2017.

Last week, GMO-Z.com Securities (Thailand) Limited, a subsidiary of GMO Internet Inc. (TYO:9449), officially launched its full-scale operations in Thailand, just three months after it secured the license for its online securities brokerage company.