GMO Click Posts Lowest Volumes Figure for 2013
- Volumes at GMO Click Securities hit a year low as the dropped below $600 billion. The decline occurred even as overall currency volatility increased during November. As a result, volumes were more than 50% below peak levels.
Following a great first half of 2013 which saw GMO Click Securities post record retail broker volumes of over $1 trillion for both June and July, trading has been steadily in decline. The downward activity continued in November as the broker reported overall volumes of $520 billion. The figures were 38% above the same period last year, but 14% below October’s trading results of $605 billion. November volumes marked the fifth month in a row of declining figures, and was at the lowest level since December 2012.
The decline occurred even as trading appeared to have picked up in November, as seen by reports from the CME and TFX, as well as private brokers telling 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 Magnates that the previous month was buoyed by higher 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. Looking ahead to December, volumes at GMO Click as well as other Japanese brokers could be poised to see improvement due to the yen weakness back at levels last seen in July. While yen trading is currently less volatile than it was earlier in the year, a weakening yen typically drives trader speculation and volumes higher.
GMO Click OTC FX Volumes ($billions)
Following a great first half of 2013 which saw GMO Click Securities post record retail broker volumes of over $1 trillion for both June and July, trading has been steadily in decline. The downward activity continued in November as the broker reported overall volumes of $520 billion. The figures were 38% above the same period last year, but 14% below October’s trading results of $605 billion. November volumes marked the fifth month in a row of declining figures, and was at the lowest level since December 2012.
The decline occurred even as trading appeared to have picked up in November, as seen by reports from the CME and TFX, as well as private brokers telling 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 Magnates that the previous month was buoyed by higher 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. Looking ahead to December, volumes at GMO Click as well as other Japanese brokers could be poised to see improvement due to the yen weakness back at levels last seen in July. While yen trading is currently less volatile than it was earlier in the year, a weakening yen typically drives trader speculation and volumes higher.
GMO Click OTC FX Volumes ($billions)