The world’s second largest retail forex broker by volume, Japanese DMM Securities has posted their February volume figures. For the month, total volume was $651 billion. During the shortened month, volumes declined 10% from January’s figures. While still outstanding at $651 billion, and well above the world’s number three broker FXCM, the month marked a stall of momentum at DMM Securities.
Volumes had been surging at the broker as it benefited from the combination of increased Yen volatility and well timed M&A activity last year. During January, DMM’s volume had nearly doubled as the broker finished the month slightly behind number one GMO Click Securities. Following GMO’s back to back record months, and the decline at DMM, the gap between the two brokers has increased.
What Does 2021 Hold for the Markets? HYCM CEO SpeaksGo to article >>
Looking ahead, we should be shortly seeing volume reports from EBS, Thomson Reuters, and FXall this week, with FXCM figures due later in the month.