GMO Click Marks Slowest Month for 2014, April Volumes Lower by 10%

Volume metrics at the biggest Japanese FX broker have been declining for a third month in a row, with the

GMO_Click_logoAfter the Tokyo financial exchange’s disappointing volume metrics for the month of April, GMO Click confirms the trend reversal that started with the second quarter of 2014. Volume metrics at the company’s retail platform FXNeo were lower by 10% when compared to the month of March, totaling $607 billion (¥62.2 trillion). This marks the lowest volumes for 2014 and confirms the trend reversal that started in February following a stark rebound in the first month of the year.

The company’s exchange traded business, Click 365, has posted a much sharper decline by 23% to $2.9 billion (¥301 billion), which is a record low and comes despite the ongoing continuation on the number of accounts opened. Apparently the lowering major FX volatility has impacted this part of business most drastically. Major institutional players are not comfortable to take big trading decisions awaiting more cues from major central banks.

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