Boom! GMO Click Reports Surging Trading in September Despite Falling Yen Volatility
- Falling yen volatility wasn't enough to keep GMO Click from reporting a superb month of trading volumes during September.
August was a breakout month of Japanese yen 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 as stock market plummets in China and the rest of the world sent funds towards the safe haven currency. September though was far from an active month for the yen. Unsurprisingly, trading venues such as the Tokyo Financial Exchange and CME both showed lower yen trading in September.
Bucking that trend though was GMO Click which reported strong volume growth during September. For the month, spot FX volumes rose 16% to ¥131.16 trillion. The figures were the broker’s second highest for 2015, only surpassed by their all-time high of ¥140.9 trillion set in January of this year. Converted to US dollars, this is a value of $1.182 trillion. GMO Click’s September volumes valued in dollars once again passed the $1 trillion barrier, coming in at $1.093 trillion. Together with DMM Securities, they are the only retail 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 brokers to have ever surpassed the $1 trillion milestone in monthly volumes.
With September’s record performance, GMO Click is expected to hold its position as the world’s top retail forex broker for volumes for the quarter just completed. Other than in Q1 2015 when they were surpassed by DMM Securities, GMO Click has held this top spot with Finance Magnates Quarterly Forex Industry Review since Q3 2013.
August was a breakout month of Japanese yen 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 as stock market plummets in China and the rest of the world sent funds towards the safe haven currency. September though was far from an active month for the yen. Unsurprisingly, trading venues such as the Tokyo Financial Exchange and CME both showed lower yen trading in September.
Bucking that trend though was GMO Click which reported strong volume growth during September. For the month, spot FX volumes rose 16% to ¥131.16 trillion. The figures were the broker’s second highest for 2015, only surpassed by their all-time high of ¥140.9 trillion set in January of this year. Converted to US dollars, this is a value of $1.182 trillion. GMO Click’s September volumes valued in dollars once again passed the $1 trillion barrier, coming in at $1.093 trillion. Together with DMM Securities, they are the only retail 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 brokers to have ever surpassed the $1 trillion milestone in monthly volumes.
With September’s record performance, GMO Click is expected to hold its position as the world’s top retail forex broker for volumes for the quarter just completed. Other than in Q1 2015 when they were surpassed by DMM Securities, GMO Click has held this top spot with Finance Magnates Quarterly Forex Industry Review since Q3 2013.