GMO Click Maintains Growth Trend despite December FX Volume Dip

GMO Click, the retail brokerage unit of the Japanese IT giant GMO Internet, has published the trading metrics on its over-the-counter (OTC) platform for December, showing the dip from the previous month but a solid gain when compared year-over-year.

The demand for the Japanese OTC platform services echoed the overall industry trend, which witnessed the December slump due to the last holiday week of the year, an annual trend in the trading industry.

Finance Magnates earlier reported on the FX volumes of other similar institutional platforms like FXSpotStream, Cboe FX, and Euronext, showing a similar trend.

The total volumes for the month of December on the FX Neo platform came in at 121 trillion yen, compared to the previous month’s 145 trillion yen. That was a monthly dip of an expected 16.5 percent. Notably, the trading demand spiked in November as it recorded the second-highest transaction volumes in November, just behind the March frenzy.

However, comparing year-on-year projects a significant jump for GMO’s services. In December 2019, the FX Neo reported a total volume of 50.36 trillion yen, meaning the trading demand spiked 140 percent annually.

Moreover, the number of new accounts continued the growth trend, adding 2023 new FX Neo accounts last month. Additionally, the platform has maintained its overall gain trend with the demand for OTC products despite the monthly drop in December.

Stock Market Maintained the Frenzy

Unlike FX, the demand for stock trading increased last month with a total volume of 109 trillion yen. This figure was at 102 trillion yen the previous month, meaning there was a gain of 6.8 percent. Despite the overall gain, the daily average fell from 5.37 trillion yen to 4.96 trillion yen.

Stock trading demand continued to rise on GMO as last December’s numbers were the highest since July. For December 2019, GMO reported a stock trading volume of 92.7 trillion yen.