We got a hint yesterday that Japanese volumes were surging again after the TFX’s figures were released. Following those numbers, the world’s largest retail forex broker by volume, GMO Click has once again set a record for monthly volumes. During April, total trading volumes were $928 billion. The breakout figure includes both OTC and exchange traded Click 365 volume. OTC volumes were $914 billion, with Click 365 trading contributing an additional $14 billion. April’s figures bested the company’s previous total month record which was set in February.
To bring the volumes into context, GMO Click daily averages volume in 2013 are now consistently above $40 billion, which is above the activity seen at FX ECN Hotspot. April’s volume was 32% above March’s figures, and an amazing 173% above the same period last year, when the broker’s $339 billion figure was among the top numbers in the world.
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Record Japanese FX volumes continue to occur on the back of the Yen’s surge in volatility. This is occurring even as the Japanese equity market has been rallying, with volumes there also rising. As such, Japan’s local FX industry is currently seeing no ill effects of competition from equities, with FX continuing to be the asset class of choice among traders. Looking ahead, CME volumes are expected to released later today. The exchange has also been a recent beneficent of Japanese Yen trading interest.