GMO Click Ends 2012 Strong, Reports Higher December Volumes

GMO Click securities, the world’s largest retail 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 broker by volume has reported its December volume figures. Following a great November, GMO Click ended the year strongly by posting a small gain during December. For the month, OTC volume rose to $377.6 billion versus $375.8 billion the previous month. In its exchange traded Click 365 division, volumes continued to fall as the unit reported $7.6 billion, an 8.5% decline from November. However, with larger margins available from its OTC business, the exchange traded Click 365 division is less marketed by the broker.

Overall volumes were slightly higher for the month, as December became the broker’s second best month of the year.The strong end of the year volumes follow similar results from the TFX which reported a small decline, but continued to see an increase in Yen trading activity. So far during 2013, we have seen reports of a strong end of the year from reporting venues even as other asset classes experienced a drop in volume due to the holiday season.

For the year, GMO Click’s OTC unit averaged $316 billion in monthly trading.