Japanese Brokers Continue to Show Rising November Trading Volumes - DMM up 15%

Leading Japanese FX broker-dealer DMM FX has reported financial trading volumes for the month of November. Trading volumes were higher than those reported in October by 15%. The brokers reported to 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 that its total volume surpassed nine hundred and sixty billion US dollars. The numbers coincide with strong data from DMM’s rivals, Monex and GMO, although Monex reported an increase while GMO was flat. On the other hand, European brokers and exchanges have seen a drop in activity.

The Tokyo-based currency provider’s volumes continue to rise as market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term picks up and traders re-enter the market in the yen. The current figures for November, totalling $960.4 billion, represent an average daily volume of $48 billion. DMM, alongside GMO, was one of the few Japanese brokers that surpassed the formidable one trillion dollar mark in monthly volumes. Japanese trading volumes are an important gauge for observers in the retail FX broking environment of the overall performance of the sector.

European-based firms have seen a U-turn in activity after the dramatic two month spree of intense volatility in September and October. On the retail front, Danish brokerage firm Saxo Bank reported lower monthly volumes alongside inter-dealer FX provider EBS.