Japanese broker DMM Securities has released its November volumes results, and they are very impressive. On the month, total volume surged over 30% rose to $353.60 billion from $268 billion in October. 2012 figures have been quite volatile at DMM Securities as Japan’s #2 broker saw a summer swoon in trading activity before rebounding recently with improvements in the market as well as their purchase of Gaitame Japan.
November’s results followed the rise experienced at both GMO CLICK Securities and at the TFX’s CLICK 365 FX Futures division. Volumes at both venues rose as a spike in Japanese Yen volatility has triggered across the board activity in Yen crosses. At DMM Securities, the results were no different with the broker attributing the rise in volumes due to the yen volatility. As such, the EURJPY, USDJPY and AUDJPY easily filled the top three spots of most traded forex pairs at DMM. With the Bank of Japan continuing to add to its stimulus programs in December, the Yen has continued to weaken during the month. As such, it will be interesting to see if December volume figures from Japan will be able to match November’s figures even though they will include the end of the year holiday period.
NEXT BLOCK SOFIA 2.0 + Fabulous Blockchain After-PartyGo to article >>