Japanese Broker GMO Click Marks 400,000 Accounts Milestone

The retail business of the biggest 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 broker in the world in terms of retail trading volumes, Japanese GMO Click has marked a new milestone for the firm. The company reported that it has registered the 400,000th account at the brokerage during the past month.

While the operations of GMO Click Securities, which is majority owned by GMO Internet Group, have been challenged by the recent regulatory scrutiny in Japan, the company’s growth was not deterred.

That said, the company has not provided the number of active accounts in its milestone announcement. The trading volumes transacted through the broker’s FX Neo platform designated for retail traders have been buoyant and collateral deposits have consistently increased in recent years.

Share Offering

The parent company of GMO CLICK Securities Co, GMO Internet Group, also announced today that it will be selling 5,710,000 shares between the 24th and the 26th of June. The move is being done in order to improve the Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term of shares traded on the JASDAQ Securities Exchange, where the firm is listed.

Currently, only 1.56 percent of the company is trading on the marketplace, with 98.44 percent of shares being solely owned by GMO Internet Holdings. After the sale the parent company will retain its majority share of about 106,855,000 shares, representing a 93.44 controlling stake.

The price of the share offering will be calculated depending on the closing price on the day prior to the auction. The application limit for new shares is set at 190,000 shares. Currently the company’s shares are changing hands at ¥1116 ($9.34).

GMO Click launched the FX Neo platform in October 2006, advertising it as cheaper and easier to use and also offering some of the lowest spreads in the industry. The offering has been widely popular in Japan and the company has established operations in Hong Kong, and more recently an FCA regulated subsidiary under the brand name Z.com Trade.