GMO Click Trading Volumes Drop to Multi-Year Lows

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This article was originally posted here.

GMO Click has reported its most current month-to-month trading volumes figures. Throughout the month of July, the company published a decrease in activity on the company’s retail forex trading FXNeo platform. The number marked a multi-year low of ¥ 66.2 trillion ($600 billion).

Regardless of the high small figure when compared with the remainder of the market, the Japanese brokerage, in fact, marked its slowest month since August 2014. While FX volatility got in July rather, it didn’t materially impact trading volumes in Japan. Many brokerages currently reported their trading volumes for the month with Monex and Kabu both publishing decreases.

July’s trading volumes on GMO Click’s FXNeo platform were lower by 12.5 percent month-on-month. Seasonal aspects throughout the month of July have remained in play throughout the market since the start of June. Generally, sluggish summertime has been especially sluggish in Japan in 2017.

GMO Click’s retail trading volumes likewise decreased 43 percent when compared with the exact same month in 2015. The decrease can be mainly credited to unique elements, most especially the after-effects of the Brexit vote in the UK in June 2016. Traders have been delighting in much greater volatility in 2015 with the British pound sets owning greater trading volumes.

GMO Click’s Click 365 exchange traded item signed up a month-to-month boost in the overall volume of agreements traded. The figure stood at 430,726 agreements, which is greater by nearly 4 percent month-on-month but lower by 24 percent year-on-year.

The most significant retail FX brokerage by trading volume on the planet has been signing up a decrease in trading volumes for most of the year. After peaking out at over $1.2 trillion in January, trading volumes have cut in half in United States dollar terms and decreased even sharper when computed in Japanese yen.