Gaitame Reports Weak Trading Volumes for December 2016

The Japanese brokerage saw a drop in December trading despite deposits and account numbers staying flat.

Japanese brokerage Gaitame revealed today its latest set of figures for the month of December 2016. The figures seem disappointing compared with the strong performance of the previous month.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

According to the published data, Gaitame’s traders brought in total deposits of ¥110.53 billion (worth about $969 million) during the last month of 2016. In November the total figure was ¥110.97 billion, meaning that the figure did not change much month over month.

Suggested articles

BDSwiss Announces DP World Tour Championship SponsorshipGo to article >>

The overall number of accounts has increased to 435,897 in December from 434,077 the month before, meaning that 1820 new clients have joined Gaitame over the period.

Nevertheless, despite the higher accounts number and the similar total deposits figure, the overall trading volume slipped in December 2016 for Gaitame. After reaching ¥328.861 billion (about $2.887 billion) trading volume in November 2016 the Japanese brokerage now reports only ¥264.721 billion for December. This is a stinging drop of 19.5% month over month. Still, it’s important to take note that the figure is higher than the trading volumes Gaitame reported in October, September and August of 2016.

Back in October 2016, Compagnie Financiere Tradition announced its latest quarterly results. The report showed that Tradition’s business has managed to continue growing steadily and could continue actively expanding.

Got a news tip? Let Us Know