Gaitame’s June Trading Volumes Take a Positive Turn

After recording a monthly decline since February, Gaitame's June volumes reveal a MoM increase of 16 percent.

Japanese foreign exchange brokerage Gaitame today reported its trading metrics for the month ending June 2016, which continued to illustrate a growing number of accounts and other key volumes figures, according to the company’s latest statement.

Key Metrics

In terms of client accounts Gaitame saw a total of 422,437 accounts in June 2016, showing a slight increase of 0.7 percent MoM from 419,514 accounts in May 2016 or an increase of 2,923 accounts over the month. Gaitame’s June figures continue to build on a series of consecutive performances since the beginning of the 2016 year.

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In terms of the group’s deposit totals in June 2016, Gaitame disclosed a figure of $1.1 billion (¥110.1 billion), reflecting a decrease of 4.3 percent MoM from $1.2 billion (¥115 billion) deposits in May 2016, despite the increase in the number of accounts for the month recorded.

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Gaitame’s June 2016 trading volumes finally reversed their downward decline, coming in at $2.5 billion (¥259 billion) for the month, a respectable increase of 16 percent MoM from $2.2 billion (¥222.7 billion) in May 2016. Although, this month’s statement reveals more positive data, the broker’s volumes are still far off its peak of $3.6 billion (¥366.4 billion) set back in February 2016.

 

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