GMO Click May Volumes Down -12.6% MoM, Lower for Fourth Consecutive Month

The industry-wide pandemic of waning monthly metrics by 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 brokers continued today with the release of GMO Click’s May volumes, showing a -12.6% fall MoM in FX volumes to $530 billion (¥54.38 trillion), according to a GMO Click statement.

These weak figures by GMO Click come on the heels of a lackluster April, which already fell by double-digit figures (-10.0 MoM). Volume metrics at the company’s retail platform FXNeo were lower by -12.6% since April, totaling just $530 billion (¥54.38 trillion) in May vs. $606 billion (¥62.2 trillion) in April. In addition, this also represents the lowest volumes reported by the company thus far since January, falling -34.3% YTD. This trend in regards to FX is hardly relegated to just GMO Click however, as similar weak results were seen across the Tokyo Financial Exchange and Monex Group as of late.

Despite the lackluster May volumes, the GMO Click’s 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 traded business, Click 365 rose marginally higher to $3.0 billion (¥308.9 billion) in May from $2.93 billion (¥301.0 billion), which bounced off record lows last month.