Gaitame Posts Best Transaction Volume in History in March
- The broker is yet another trading provider to benefit from COVID-19 volatility.
March has been a great month for multi-asset and foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) brokers, as coronavirus-related volatility is causing volumes to soar during the month. This week Gaitame has published its volumes for the month, showing a fruitful period for the firm.
In fact, the Japanese retail broker has posted its strongest transaction volume in its history, ¥553.4 billion ($5.1 billion) for the month. When measuring this against the previous month, last month’s transaction volume has increased by more than double, up 149.4 percent.
On a yearly comparison, the growth is even more pronounced, as the transaction for the month of March has increased by 2236 percent, as the corresponding period of the previous year had a monthly transaction volume of ¥171.0 billion.
It is worth pointing out that the month of February was also a very strong month for the broker. As Finance Magnates reported, during the month of February, Gaitame noted a monthly transaction volume of ¥221.9 billion. Against the previous month, which had a transaction volume of ¥154.6 billion, last month’s figure has risen by 43.5 percent. Therefore, when looking at March’s monthly volume, the growth is even more significant.
Deposit amount faulters for Gaitame
Although March has delivered its strongest monthly transaction volume since Gaitame started recording such figures in 2014, the deposit amount reported in March, however, does not hold up as well.
In particular, Gaitame noted a deposit amount of ¥112.7 billion. When measuring this against February of 2020, the deposit amount in March has actually fallen by 1.3 percent. In fact, it is the weakest figure recorded this year so far.
Nonetheless, on a yearly comparison, Gaitame has managed to achieve an uptick in the deposit amount, climbing from ¥110.8 billion in March of 2019 by 1.7 percent to achieve last month’s figure.
March has been a great month for multi-asset and foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) brokers, as coronavirus-related volatility is causing volumes to soar during the month. This week Gaitame has published its volumes for the month, showing a fruitful period for the firm.
In fact, the Japanese retail broker has posted its strongest transaction volume in its history, ¥553.4 billion ($5.1 billion) for the month. When measuring this against the previous month, last month’s transaction volume has increased by more than double, up 149.4 percent.
On a yearly comparison, the growth is even more pronounced, as the transaction for the month of March has increased by 2236 percent, as the corresponding period of the previous year had a monthly transaction volume of ¥171.0 billion.
It is worth pointing out that the month of February was also a very strong month for the broker. As Finance Magnates reported, during the month of February, Gaitame noted a monthly transaction volume of ¥221.9 billion. Against the previous month, which had a transaction volume of ¥154.6 billion, last month’s figure has risen by 43.5 percent. Therefore, when looking at March’s monthly volume, the growth is even more significant.
Deposit amount faulters for Gaitame
Although March has delivered its strongest monthly transaction volume since Gaitame started recording such figures in 2014, the deposit amount reported in March, however, does not hold up as well.
In particular, Gaitame noted a deposit amount of ¥112.7 billion. When measuring this against February of 2020, the deposit amount in March has actually fallen by 1.3 percent. In fact, it is the weakest figure recorded this year so far.
Nonetheless, on a yearly comparison, Gaitame has managed to achieve an uptick in the deposit amount, climbing from ¥110.8 billion in March of 2019 by 1.7 percent to achieve last month’s figure.