Up, up and away

Gaitame Trading Volumes, Account Numbers and Deposits Rise in June

The trading volumes at the Japanese brokerage have firmed as the company continues its solid growth trajectory

Gaitame.com has just reported its client related metrics for the month of June and the results continue to trend higher. Throughout the Japanese brokerage, the firm has reported an increased number of trading accounts which have grown by about 1,800. Total client deposits have also increased, totaling ¥11.13 trillion ($91.2 billion) and marking year-on-year growth of 8.6 percent.

Trading volumes throughout the month have also increased and materially so due to the volatile Japanese yen carry trade. The figures came out at ¥29.6 trillion ($239 billion), which is higher by a whopping 36 percent when compared to last month and the highest number since January this year when the firm reported its second most active month ever.

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

Suggested articles

FBS Receives Best Forex Broker Europe 2019 Award by The European MagazineGo to article >>

The Japanese brokerage has marked a slump in trading volumes in previous months due to the reduced volatility of the Japanese yen, however, some market turmoil in June has prompted traders to liquidate their carry trade positions and others to enter into the trade from lower levels, driving volumes higher once more.

Gaitame.com has been gaining substantial traction throughout the past year with trading volumes, growing by a whopping 374 percent year-on-year. The company has been capitalizing on its award at the Forex Magnates’ Tokyo Summit last year when it won the prize for best education tools.

Apparently these same tools and possible more are also resulting in increased retention rates and trading volumes.

Got a news tip? Let Us Know