Japanese retail forex brokerage group Gaitame has announced its trading metrics for the month of August 2017, which show an encouraging increase in all important figures on month-on-month and year-on-year bases.
The number of client accounts in August was 452,633, 0.4 percent more than in July 2017. This represents a healthy increase of 5.8 percent over the same period of last year.
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Total deposits for the month of August 2017 came in at $1.04 billion (114.93 billion yen) which was an increase of 0.9 percent over the total deposits for the previous month. This was an increase of 3.39 percent year-on-year.
It is with trading volumes that Gaitame seems to have made the real turnaround, as it managed to get back to June levels after the July drop. The trading volume figures came in at $1.8 billion (199.10 billion yen) for August 2017, 4.6 percent more than in July. On a year-on-year basis, the volume increase by 7.9 percent, far better than the 28 percent drop year-on-year which Gaitame saw in July.
Though the change in metrics have not been great MoM and YoY, Gaitame should be pleased with the turnaround from the disappointing figures of July 2017.