GMO Click Posts Lowest Volumes Figure for 2013

Wednesday, 04/12/2013 | 08:42 GMT by Ron Finberg
  • Volumes at GMO Click Securities hit a year low as the dropped below $600 billion. The decline occurred even as overall currency volatility increased during November. As a result, volumes were more than 50% below peak levels.
GMO Click Posts Lowest Volumes Figure for 2013

Following a great first half of 2013 which saw GMO Click Securities post record retail broker volumes of over $1 trillion for both June and July, trading has been steadily in decline. The downward activity continued in November as the broker reported overall volumes of $520 billion. The figures were 38% above the same period last year, but 14% below October’s trading results of $605 billion. November volumes marked the fifth month in a row of declining figures, and was at the lowest level since December 2012.

The decline occurred even as trading appeared to have picked up in November, as seen by reports from the CME and TFX, as well as private brokers telling Forex Magnates that the previous month was buoyed by higher Volatility . Looking ahead to December, volumes at GMO Click as well as other Japanese brokers could be poised to see improvement due to the yen weakness back at levels last seen in July. While yen trading is currently less volatile than it was earlier in the year, a weakening yen typically drives trader speculation and volumes higher.

GMO Click OTC FX Volumes ($billions)

GMO Click OTC FX Volumes ($billions)

Following a great first half of 2013 which saw GMO Click Securities post record retail broker volumes of over $1 trillion for both June and July, trading has been steadily in decline. The downward activity continued in November as the broker reported overall volumes of $520 billion. The figures were 38% above the same period last year, but 14% below October’s trading results of $605 billion. November volumes marked the fifth month in a row of declining figures, and was at the lowest level since December 2012.

The decline occurred even as trading appeared to have picked up in November, as seen by reports from the CME and TFX, as well as private brokers telling Forex Magnates that the previous month was buoyed by higher Volatility . Looking ahead to December, volumes at GMO Click as well as other Japanese brokers could be poised to see improvement due to the yen weakness back at levels last seen in July. While yen trading is currently less volatile than it was earlier in the year, a weakening yen typically drives trader speculation and volumes higher.

GMO Click OTC FX Volumes ($billions)

GMO Click OTC FX Volumes ($billions)

About the Author: Ron Finberg
Ron Finberg
  • 1983 Articles
  • 8 Followers
About the Author: Ron Finberg
Ron Finberg, a specialist in regulatory issues, brings clarity and depth to finance news
  • 1983 Articles
  • 8 Followers

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