GMO Click Reports MoM and YoY Uptick in FX Trading in August

The monthly volumes for August keep on coming, with Japanese securities brokerage, GMO Click being one of the most recent companies to publish its figures. Unlike many other market participants, the broker actually saw an uptick in foreign exchange (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.

Via FX Neo, the monthly trading value for over the counter forex margin was ¥120.3 trillion for the month of August. This is an improvement of 14.6 per cent when measured against the previous month which recorded a monthly trading value of ¥105.0 trillion.

GMO Click Bucks the Trend

Not only is the monthly trading value recorded in August stronger than the previous month, but it is also up on a yearly scale. Specifically, the trading value has increased by approximately 42.0 per cent, up from ¥84.8 trillion.

Throughout the month, GMO Click opened 3,359 more accounts on FX Neo, bringing the total number of accounts to 689,394. Month on month, this is a growth of about 0.5 per cent.

Volumes Fall on Click 365

Taking a look at exchange margin trading through Click 365, the broker has not performed as well in August. By the end of the month, the monthly trading volume was 285,928 contracts. This is less than the 309,606 contracts traded in July, a drop of 7.6 per cent.

Year on year, the decline in trading volume is even more pronounced, as August 2019 had a monthly volume of 624,029 contracts. Therefore, volumes have fallen by 54.2 per cent from August 2019, to last month.

Stock trading on GMO Click also dropped in August, falling from 913,304 contracts in July down to 881,641 contracts last month. The monthly trading value was ¥951.2 million. This is slightly lower than July, by 0.2 per cent.

During the most recent month, the average number of contracts traded per day was 44,082. The number of securities trading accounts increased by 0.5 per cent month on month.