Japanese broking giant, GMO Click Securities, has reported its binary options metrics for the month ending October 2015, which showed that more traders were incurring money losses with their money than in September, according to a GMO Click statement.
GMO Click revealed its transaction proportion of loss occurrence for October 2015, which aggregates the number of accounts whose total monthly income has inflected into negative territory. For the month ending October 2015, GMO Click’s data shows that 74.13% of binary options accounts lost money during the month.
Changing the Face of AML with Self Service AnalyticsGo to article >>
This illustrates that more accounts incurred monthly losses in October than the past few months, albeit by less than a percentage point – however this does snap five straight months of a diminishing figure, following a high of 80.31% in March 2015.
Furthermore, GMO Click’s Ladder Options, a legal type of options available for trading in Japan, saw the total transaction amount as a percentage of the total client payment amount reach 98.55% in October 2015.
GMO Click recently made headlines after it recently reported surging figures last month across its foreign exchange (FX) volumes. During September 2015, spot FX volumes at GMO rose 16% to ¥131.16 trillion. These figures were the broker’s second highest for 2015, having only been bested by an all-time high of ¥140.9 trillion set in January 2015 of this year, which was instigated by widespread currency volatility courtesy of the Swiss National Bank (SNB).