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DMM Securities Experiences Minor Downturn In Volumes During November

by Andrew Saks McLeod
  • The protraction of volumes plaguing Japan's FX industry continues as DMM's November's volumes demonstrate a downturn from last month, representing a contrast from the firm's record volumes in June.
DMM Securities Experiences Minor Downturn In Volumes During November
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Japanese FX company DMM Securities has announced that its trading volume for November 2013 stood at JPY 51,027 billion, equating to $498.8 billion, representing a reduction from last month's JPY 54,600 billion, or $553 billion in US dollar value.

Although October's volume figures represented a 12.8% increase from the previous month, DMM Securities' trading volumes had been gradually decreasing since the summer of this year when the company passed the $1 trillion dollar mark, along with compatriot company GMO Click Securities, and with November's figure, the protraction appears to be continuing to make its presence felt, in a general trend across the retail FX sector as 2013 draws to a close.

dmm fx logo

In terms of comparability between November volumes achieved by other firms in the region, MONEX Group reported a mild increase in average daily volumes over October's results, however, the company's JPY 110,645 million in average daily volumes lies a long way short of those achieved during the earlier part in the year.

Japanese FX company DMM Securities has announced that its trading volume for November 2013 stood at JPY 51,027 billion, equating to $498.8 billion, representing a reduction from last month's JPY 54,600 billion, or $553 billion in US dollar value.

Although October's volume figures represented a 12.8% increase from the previous month, DMM Securities' trading volumes had been gradually decreasing since the summer of this year when the company passed the $1 trillion dollar mark, along with compatriot company GMO Click Securities, and with November's figure, the protraction appears to be continuing to make its presence felt, in a general trend across the retail FX sector as 2013 draws to a close.

dmm fx logo

In terms of comparability between November volumes achieved by other firms in the region, MONEX Group reported a mild increase in average daily volumes over October's results, however, the company's JPY 110,645 million in average daily volumes lies a long way short of those achieved during the earlier part in the year.

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