Japanese broker DMM Securities set another record as it has released its May trading volumes. For the month, total volume was $788.5 billion, 3.5% above the previous all-time high of $761.5 billion set last month. The figures for the world’s second largest retail forex broker by volume comes after similar records were reported from GMO Click and FXCM last week. Japanese brokers continue to see an expansion of their businesses thanks to volatile trading in the yen. Looking ahead, June volumes are expected to remain strong as public venues announced daily volume records last week as the yen had another wild day of trading.
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Elsewhere in Japan Monex Group released its May volume figures. For the month, Global FX volumes were $75.2 billion, with Monex Japan accounting for around $45.9 billion of the overall figure, and IBFX/Tradestation recording approximately $29.3 billion in activity. The Japanese figures were 12.5% below April’s record volumes.