Japan’s second largest retail forex broker by volume, DMM Securities, has posted its January volumes. Like GMO Click Securities which reported its figures last week, DMM volumes exhibited strong gains in January. For the month, total volumes rose 55% to $771.1 billion (¥79.2 trillion) from December 2013. The volume total was the highest since last July’s report of $958.5 billion traded.
Trading volumes in 2013 started in Japan, with first half figures achieving record levels. However, following a period of declines in yen volatility, trading acticvity fell as well, with many brokers reporting second half volume averages at 50% or below their earlier highs. At DMM Securities, trading peaked during June of last year, when volumes topped $1 trillion, before sinking to under $500 billion during the September, November and December months.
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