GMO Click FX Volumes Tick Higher in November

OTC FX volumes revealed a promising turn in November amid strong results across the board.

GMO CLICK Holdings, a Japanese trading conglomerate, has just released its monthly preliminary report outlining its various subsidiaries for the month of November 2016. The latest statistics showed a strong performance overall in November, amid several months of mixed volumes in a pattern that has been evident across the industry.

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During November 2016, GMO Click’s over-the-counter (OTC) FX trading volumes came in at ¥132.6 trillion, up 64.5 percent from ¥80.6 trillion in October 2016. TFX Click 365 trading volume also rose 54.2 percent from the previous month. Moreover, the total customer assets also rose to ¥697,252 million in November 2016 from ¥686,249 million in October 2016, representing an increase of 1.6 percent.

The uptick in volumes coincided with GMO CLICK’s growth in the number of new traders during the month. In November 2016, the overall number of brokerage accounts increased to 301,915 from 299,548 in October 2016, or less than 1.0% MoM. This compares with the number of OTC FX accounts in November 2016, which increased to 463,217 from 459,402 in October 2016, also less than 1.0% higher MoM.

Furthermore, the number of TFX Click 365 accounts during November 2016 increased to 356,051 from 352,089 in October 2016, while the number of CFD accounts increased to 60,705 from 59,992 in the month prior. The number of binary option accounts also increased to 167,858 in November 2016 from 166,813 in October 2016.

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