Japanese DMM Securities has posted another amazing month as its June volume figures cleared the $1 trillion barrier, becoming the second retail forex broker to do so after GMO Click achieved the record. For the month total volumes were $1.069 trillion, up 35.5% from May’s results. The June volumes are an all-time high for the DMM Securities and represent their third straight month of record volumes. June’s volumes solidifies DMM’s spot as the second largest retail forex broker by volume, trailing only GMO Click who posted a $1.10 trillion figure.
For DMM Securities, the firm continues to see generate positive results after it became an acquirer last year and expanded its client base. The M&A deals proved to be well timed as they occurred just as Japanese volumes declines had halted and were about to turn around due to government stimulus initiatives. During the first half of 2013, DMM Securities volumes have averaged $754 billion per month, easily doubling their second half 2012 results.
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Looking ahead, with the Japanese forex industry continuing to be ‘red hot’, next week Forex Magnates will be hosting its Japanese Summit. Stay tuned for reports about broker opinion about whether the current trading euphoria will continue.