Weak Volumes on Gaitame Continue in December

Gaitame, a Japanese foreign exchange (forex) broking giant, has published its trading metrics for December of 2018 this Friday. Although account numbers grew, transaction volumes fell on a monthly basis, continuing November’s decline.

In December, the broker had a total of 476,747 client accounts. This was a slight increase of 1,814 accounts, or about 0.4 percent, from the previous month which is close to the monthly average increase.

In December of 2017, the 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 had 448,056 client accounts. Therefore, the number of accounts in December of 2018 is up by around 6.4 percent year-on-year.

For the first time in years, in October of 2017, client accounts experienced a month-on-month drop, hitting 443,485. This followed the company seeing 454,941 registrants in September, its highest figure for 2017.

However, since October’s lows, client accounts have seen consistent growth with December being no exception. In fact, client accounts surpassed September 2017 highs in March of 2018.

Transaction volume falls on Gaitame, again

Taking a look at transactional volume, December was again a weak month for the broker. With its total coming in at ¥167.1 billion ($1.5 billion) this is a decline, albeit small, of 1.2 percent when measured against the previous month, which had a total transactional volume of ¥169.1 billion.

However, when measuring this against the transactional volume achieved in December of 2017, last months figure actually saw a modest increase of around 33 percent. In 2017, the month of December recorded the lowest figure for the whole year, at ¥125.6 billion, dropping rather significantly from the levels experienced in the previous months.

Finally, moving on to the broker’s deposit totals, in December Gaitame disclosed a figure of ¥116.2 billion. This represents an ever-so-slight increase of 0.47 percent from the previous month, as the broker recorded a figure of ¥115.6 billion in November.