GMO Click Securities Reports February OTC FX down 10.3% MoM as Yen Volatility Eased
- A company spokesperson said to Forex Magnates that the lower volumes were thought to be due to an easing in the Yen Volatility in February when compared to the month before, as it's FX totals dropped Month-Over-Month.
The Japan-based Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term broker GMO Click Securities that operates as a wholly-owned subsidiary of GMO Internet Inc., has today reported monthly trading volumes for its OTC FX and Exchange traded FX business lines.
During the month, OTC FX volumes were $717.3 billion, 10.3% below January's figures, while exchange traded Click365 FX trading fell 17.4% to $3.75 billion. Overall, total volumes during the month were $721 billion.
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 Magnates spoke with a company spokesperson for comments about the decrease in volumes over the prior month, as well as the effects of February having had two less trading days than the month before.
The company said it thought the lower volumes were due to the easing of volatility in the Japanese yen, as well as the fewer number of business days in February, as noted above.
Low Yen Volatility Said to Have Caused Ease in Trading Volumes
The Japanese yen is the underlying currency that is the focal point for many of the company's clients who like to trade related currency pairs priced in ¥, which in turn helps to make GMO one of the world's largest retail FX brokers by trading volume.
The brand recently highlighted its leading position in its market share of retail volumes globally, a figure that doesn't appear easily refutable.
Forex Magnates last reported when certain other figures were released for the FX Prime business line of GMO Corporation, after it added functionality to its MirrorTrader platform offering -developed by Tradency, as social-network style copy trading/mirror trading has gained considerable ground in Japan for some time already.
Forex Magnates also recently covered FX Prime's latest results, after finishing a challenging quarter at the end of December 31, 2013.
The Japan-based Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term broker GMO Click Securities that operates as a wholly-owned subsidiary of GMO Internet Inc., has today reported monthly trading volumes for its OTC FX and Exchange traded FX business lines.
During the month, OTC FX volumes were $717.3 billion, 10.3% below January's figures, while exchange traded Click365 FX trading fell 17.4% to $3.75 billion. Overall, total volumes during the month were $721 billion.
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 Magnates spoke with a company spokesperson for comments about the decrease in volumes over the prior month, as well as the effects of February having had two less trading days than the month before.
The company said it thought the lower volumes were due to the easing of volatility in the Japanese yen, as well as the fewer number of business days in February, as noted above.
Low Yen Volatility Said to Have Caused Ease in Trading Volumes
The Japanese yen is the underlying currency that is the focal point for many of the company's clients who like to trade related currency pairs priced in ¥, which in turn helps to make GMO one of the world's largest retail FX brokers by trading volume.
The brand recently highlighted its leading position in its market share of retail volumes globally, a figure that doesn't appear easily refutable.
Forex Magnates last reported when certain other figures were released for the FX Prime business line of GMO Corporation, after it added functionality to its MirrorTrader platform offering -developed by Tradency, as social-network style copy trading/mirror trading has gained considerable ground in Japan for some time already.
Forex Magnates also recently covered FX Prime's latest results, after finishing a challenging quarter at the end of December 31, 2013.