Japan-based online financial brokerage operator GMO Click Securities has today announced trading results for the month of March across its key business lines including FX trading at Click 365, FX Neo, and its equity trading division volumes, which reveal broad declines when compared to its previous volumes in February.
The number of contracts traded at Click 365 fell by almost 20% in March to 506,301, lower by 124,819 from the 631,120 reported in February.
Within the reported Click 365 segment, the number of accounts totaled 328,404 during March, and was higher from 325,035, indicating that 3,369 new accounts were added over the prior month.
Why Flexibility Matters - What IS Prime, IS Risk Analytics Can Offer YouGo to article >>
OTC FX Down 25%
Trading in over-the-counter (OTC) foreign exchange across the company’s FX Neo division fell sharply by nearly 25% as the company reported ¥108.85 trillion yen during March, lower from ¥144.26 trillion yen in February, and also lower year-over-year compared to March 2015 which was higher than ¥116 trillion.
The number of new accounts reported for the FX Neo segment was up by 3,123 to 436,199 in March, higher from 433,076 in the prior month. GMO Click Securities stock market trading business also reported lower volumes during March, totaling ¥2,116,768,000,000 worth or nearly 2.12 trillion, lower from ¥2,207,815,000,000 (¥2.2 trillion), a decrease of ¥91 billion or 4.12%. month over month.
The daily average trading value of stock trades in March reached its lowest level since May 2014, while the number of accounts within that segment was 284,648, up from 281,989, indicating that 2659 new accounts were added in March. The trend since January’s peak is downward for GMO Click’s volumes, as global market volatility had subsided in March when compared to the first two months of 2016.