Japanese broking giant GMO Click has reported its October 2016 trading volumes, which took a step back, ultimately paring the last month’s gains, according to a GMO Click Statement.
The last few months of the 2016 calendar year had seen diminishing trading volumes, including a yearly low figure of ¥78.2 trillion ($759.69 billion) marked back in August – since then GMO Click’s trading volumes have been on the uptick, having secured a monthly advance in September but once again turned lower in October.
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For the month ending October 2016, GMO Click disclosed a figure of ¥80.57 trillion ($782,683 billion) for its over-the-counter (OTC) FX trading volumes, which represents a loss of -10.8% MoM from ¥90.4 trillion ($878.150 billion) in September 2016, the highest figure since May 2016.
In terms of GMO Click’ FX OTC accounts, the figure reversed the narrative, yielding 459,402 accounts which reflects a marginal increase of 0.8 percent Mom from 456,103, indicating that 3,299 new accounts were added over the prior month.
Within the reported Click 365 segment, the trading volumes were also lower, coming in at 462,135 contracts in October 2016, down -8.9 percent from 507,532 a month earlier.
Furthermore, the number of TFX Click 365 accounts during October 2016 increased to 352,089 from 348,818 in September 2016, while the number of CFD accounts increased to 59,992 from 59,314 from 58,561 in the month prior – the number of binary options accounts was also up to 166,813 from 165,802 in September 2016.