DMM Securities Experiences Minor Downturn In Volumes During November

The protraction of volumes plaguing Japan's FX industry continues as DMM's November's volumes demonstrate a downturn from last month, representing

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.

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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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