October Volumes Surge for GMO Click Securities
The world’s largest forex broker by volume, Japan’s GMO Click Securities saw its trading activity surge for October to $354
The world’s largest forex broker by volume, Japan’s GMO Click Securities saw its trading activity surge for October to $354 billion in volume for the month (figures include OTC and Exchange Traded figures). October volume was 17% higher than September and 61% higher than October 2011. The surge in trading activity matched May 2012’s figures for the 3rd highest month in company history. The volume increase occurs after the company was hit hard during the summer months as August figures were recorded at $297 billion. The majority of the increase in October was due to GMO Click’s OTC segment which accounted for $345 billion versus its Click 365 Exchange unit which registered only $8.7 billion in volume.
Overall, the Japanese market continues to deal with regulatory changes last year which caused maximum leverage to be halved from 50:1 to 25:1. In response to the new laws, spreads at Japanese brokers have been dropping to in hopes of triggering greater activity from clients. While it may be too early to say that the Japanese market is experiencing a rebound, GMO’s October figures related well for the rest of the industry.
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The world’s largest forex broker by volume, Japan’s GMO Click Securities?
Is this for real? A Japanese local firm is the largest in the world in terms of volume??
The world’s largest forex broker by volume, Japan’s GMO Click Securities?
Is this for real? A Japanese local firm is the largest in the world in terms of volume??
yep
yep
Interesting indeed, I have always known the biggest financial institutions were from the UK, the RBS bank is 3.8 trillion in assets, go figure!.. Never imagined Japanese Forex brokers were that big, despite their relatively low leverage compared to the industry.
Interesting indeed, I have always known the biggest financial institutions were from the UK, the RBS bank is 3.8 trillion in assets, go figure!.. Never imagined Japanese Forex brokers were that big, despite their relatively low leverage compared to the industry.
ROFL
ROFL
thanks for the comment Ahmad, so what’s your role at Vertex? 😉
thanks for the comment Ahmad, so what’s your role at Vertex? 😉
I guess with spreads at 0.3-0.7, its all relative compared to brokers with 250 billion at 2.
I guess with spreads at 0.3-0.7, its all relative compared to brokers with 250 billion at 2.
they are huge, at its best the Japanese FX industry was over 50% of the world, now it’s down to about 35-40%
yep 🙂 we are working on that
yep 🙂 we are working on that
they are huge, at its best the Japanese FX industry was over 50% of the world, now it’s down to about 35-40%
but consider that the regulatory cap is 1:25 and this levels things
but consider that the regulatory cap is 1:25 and this levels things
Agreed but bottom line is the same. You have to do that volume, to be level. If you halve the spreads you have to double your volume just to stand still.
Agreed but bottom line is the same. You have to do that volume, to be level. If you halve the spreads you have to double your volume just to stand still.