Japanese forex brokerage group Gaitame has released its trading metrics for July 2017, which indicate subtle changes for the most part on both month-on-month and year-on-year bases.
In July, the number of client accounts at Gaitame rose to 450,502, up 0.41 percent month-on-month, compared to the 448,678 accounts registered in the preceding June. This time last year there had been 425,447 client accounts, which points to an increase of 5.89 percent on a year-on-year basis.
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Total deposits in July 2017 reached $1.03 billion (¥113.87 billion), up 0.8 percent on a month-on-month basis, from June’s $1.02 billion (¥112.97 billion). In July 2016, total deposits were estimated at about $1 billion (¥110.52 billion), so Gaitame is looking at slight growth of 3.03 percent year-on-year.
Gaitame saw a decrease in trading volumes during July 2017, which fell from the previous June’s $1.81 billion (¥199.70 billion) to $1.72 billion (¥190.35 billion), down 4.69 percent on a month-on-month basis. In July 2016, trading volumes stood at $2.4 billion (¥267.21 billion), which is a further decrease of 28.77 percent year-on-year.
The Japanese forex broker earlier released its May 2017 trading metrics, which showed a recovery from the decreases it saw this year. The number of client accounts alone reached an all time high, to name one dramatic change.