GMO Click Beats Summer Lull, Reports Uptick in FX Trading in June
- The Japanese broker joins a list of trading providers to report solid trading volumes in June.
For foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) volumes, June has historically been a slow month, kicking off the summer lull for trading providers. However, during these unique COVID-19 times, June has seen a resurgence in volumes for many brokers, and GMO Click appears to be no exception.
According to data sent to Finance Magnates this Friday, GMO Click has reported a total over the counter (OTC) foreign exchange (forex) margin trading volume of $1.23 trillion for the month of June.
As Finance Magnates reported, in March of this year, when Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term driven by the coronavirus pandemic was at its peak, the Japanese retail broker saw its trading volumes reach $1.85 trillion - a historical record for the broker.
Although June’s trading volume hasn’t reached what was achieved in March, the volumes reported today is still higher than April’s volume of $1.06 trillion and May’s trading volume of $903.4 billion, as lessening volatility weighed on volumes.
Besides March, the OTX FX margin trading volume noted in June is the best monthly result since January of 2017. On a yearly comparison, last month’s volume has more than doubled, as June of 2019 posted a monthly volume of $544.4 billion. This translates to a growth of 126.5 per cent.
GMO Click reports solid on-exchange trading volumes
Taking a look at on-exchange trading volumes, June has yet again proven to be a good month from GMO Click, with the retail broker recording a monthly volume of $3.4 billion. This represents an increase of 21.4 per cent from the $2.8 billion achieved in the previous month.
Not only is June’s on-exchange trading volume the second strongest volume achieved in 2020, tied in second place with February and behind March’s record volume of $8.5 billion, it has also increased by 41.7 per cent from the $2.4 billion recorded in June of 2019.
For foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) volumes, June has historically been a slow month, kicking off the summer lull for trading providers. However, during these unique COVID-19 times, June has seen a resurgence in volumes for many brokers, and GMO Click appears to be no exception.
According to data sent to Finance Magnates this Friday, GMO Click has reported a total over the counter (OTC) foreign exchange (forex) margin trading volume of $1.23 trillion for the month of June.
As Finance Magnates reported, in March of this year, when Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term driven by the coronavirus pandemic was at its peak, the Japanese retail broker saw its trading volumes reach $1.85 trillion - a historical record for the broker.
Although June’s trading volume hasn’t reached what was achieved in March, the volumes reported today is still higher than April’s volume of $1.06 trillion and May’s trading volume of $903.4 billion, as lessening volatility weighed on volumes.
Besides March, the OTX FX margin trading volume noted in June is the best monthly result since January of 2017. On a yearly comparison, last month’s volume has more than doubled, as June of 2019 posted a monthly volume of $544.4 billion. This translates to a growth of 126.5 per cent.
GMO Click reports solid on-exchange trading volumes
Taking a look at on-exchange trading volumes, June has yet again proven to be a good month from GMO Click, with the retail broker recording a monthly volume of $3.4 billion. This represents an increase of 21.4 per cent from the $2.8 billion achieved in the previous month.
Not only is June’s on-exchange trading volume the second strongest volume achieved in 2020, tied in second place with February and behind March’s record volume of $8.5 billion, it has also increased by 41.7 per cent from the $2.4 billion recorded in June of 2019.