GMO Click’s Monthly FX Trading Volumes Decline in April 2017

by Avi Mizrahi
  • GMO's FX trading volumes reach a new low for 2017.
GMO Click’s Monthly FX Trading Volumes Decline in April 2017

Japanese Online Trading giant GMO Click has just disclosed its April 2017 metrics, showing a slowdown in its monthly FX trading volumes.

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Trading volumes for April 2017 came in at just ¥39.2 trillion ($348.2 billion), a decline of 15.5 percent month-over-month from ¥46.4 trillion ($418.5 billion) in March 2017. This figure is weak compared with the month prior, and GMO Click’s latest reading is also substantially below that of January (¥60.5 trillion) and February as well (¥42.6 trillion).

April 2017’s trading volumes also came in very low when measured over a year-over-year basis, declining by about 28 percent from ¥54.4 trillion ($483.3 billion) in April 2016.

It was recently reported that the brokerage's parent company, GMO Internet, Inc. (TSE: 9449), is among a number of Japanese firms who are in the process of applying for a Japanese bitcoin exchange license according to the Japan Cryptocurrency Business Association.

Japanese Online Trading giant GMO Click has just disclosed its April 2017 metrics, showing a slowdown in its monthly FX trading volumes.

The London Summit 2017 is coming, get involved!

[gptAdvertisement]

Trading volumes for April 2017 came in at just ¥39.2 trillion ($348.2 billion), a decline of 15.5 percent month-over-month from ¥46.4 trillion ($418.5 billion) in March 2017. This figure is weak compared with the month prior, and GMO Click’s latest reading is also substantially below that of January (¥60.5 trillion) and February as well (¥42.6 trillion).

April 2017’s trading volumes also came in very low when measured over a year-over-year basis, declining by about 28 percent from ¥54.4 trillion ($483.3 billion) in April 2016.

It was recently reported that the brokerage's parent company, GMO Internet, Inc. (TSE: 9449), is among a number of Japanese firms who are in the process of applying for a Japanese bitcoin exchange license according to the Japan Cryptocurrency Business Association.

About the Author: Avi Mizrahi
Avi Mizrahi
  • 2728 Articles
  • 10 Followers
About the Author: Avi Mizrahi
  • 2728 Articles
  • 10 Followers

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