Gaitame’s March Volumes Show Narrow Consolidation

Japanese foreign exchange broking giant Gaitame has reported its comprehensive trading metrics for the month ending March 2017, which continued to illustrate a growing number of accounts and other key volumes figures, both on a monthly and yearly basis.

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In terms of client accounts, Gaitame saw a total of 442,687 in March 2017, a marginal move of less than 1.0 percent month-over-month from 440,687 accounts in February 2017, or a net increase of 2,000 accounts during the month. However, the latest monthly figures at Gaitame have now built on a string of consecutive performances, which have climbed in every month of 2016 – 2017, rising 1.7 percent year-to-date, as well as striking an all-time high.

Looking at the group’s deposit totals in March 2017, Gaitame disclosed a figure of $1.0 billion (¥111.8 billion), virtually unchanged month-over-month from $1.04 billion (¥111.3 billion) worth of deposits in February 2017. As was the case with the number of accounts at the broker, the latest figures notched fresh highs at Gaitame in 2017 and have risen every month since December 2016.

The group also held onto its recent volumes in March 2017, having lost a lot of ground earlier in the year. The latest readings show a figure of $1.92 billion (¥211.6 billion) for the month, static on a month-over-month basis from $1.90 billion (¥209.2 billion) in February 2017. Indeed, March’s volumes are a ways off from the broker’s peak of $2.93 billion $3.4 billion (¥321.3 billion) set back in January 2017, which is a difference of 34.1 percent.