GMO Click Forex June Volumes Decline MoM, YoY
The Japanese retail forex trading firm sees continued growth in account numbers while maintaining stability.
GMO Click Securities Inc., a subsidiary of Japanese GMO Internet, Inc., reported its FX Neo metrics for the month of June 2017. FX Neo is the first company’s retail forex platform. This month’s results are comprised of monthly trading volumes and number of accounts. The monthly trading volumes have declined both on month-on-month and year-on-year bases, whereas the number of accounts have increased.
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FX Neo’s monthly trading volume in June came to ¥75.8 trillion ($6.68 billion), which translates to a 4.1 percent decrease from May 2017’s ¥790,395 trillion ($6.96 billion). On a year-on-year basis, June 2017 showed a drop of -31.2 from the ¥1,101.6 trillion ($9.7 billion) last year.
As for the number of accounts in June 2017, the online retail forex trading firm saw a total of 489,421 accounts. In May 2017’s metrics, the accounts stood at 485,199 accounts, which means subtle growth of about 0.8 percent on a month-on-month basis. In June 2016, the number of accounts was 445,386, which is an additional increase of 9.89 percent on a year-on-year basis.
A month ago, GMO Click Securities Inc. released its forex futures trading volumes for the month of May 2017. The preceding April was a rough month for the asset and the company, and so May showed a recovery. When compared to January 2017’s report, May’s metrics were not as high up there. Forex futures appear to have begun slipping in February, despite the results increasing the following March.
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