Japanese GMO Click Securities Breaks One Trillion Barrier in 2020

In a year that will be remembered mostly because of the COVID-19 pandemic and restrictions, one Japanese firm broke an important 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 volume record. Global lockdowns, political turbulence, and economic uncertainty drove currency markets' Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term to new highs, and several brokers, including GMO Click, benefited from it.

The most volatile period in 2020 was Q1 when the pandemic started to take its toll in one country after another. March was the month when FX volumes in some cases almost doubled compared to the data for January. Surprisingly, though in Q1, GMO Click was not the leader in our FX volume rankings.

Forex Volume Record after a Difficult Start

The real strength of GMO Click was seen in the remainder of the year. While later volatility was not as high as in March, GMO Click managed to generate impressive monthly volumes higher than its global competitors. Eventually, GMO Click finished 2020 with an impressive result of $1,073 billion of monthly FX retail volume. Though, no other brokers had an annual result above the $1 trillion mark.

Only two other brokers in our rankings managed to have an average monthly FX volume above $500 billion. All remaining GMO Click's competitors had results below the $400 billion mark. The best performing non-Japanese broker was third.

Recently, GMO-Z.com Trade UK Limited, a subsidiary of GMO Financial Holdings Inc., extended its prime brokerage offering by launching Agency FX service. The new service will be offered under the existing Z.com Global Markets, the company’s institution-focused service brand.