GMO Click Holding Corporation, Japan’s largest FX retail broker, has decided to rebrand itself to GMO Financial Holdings Co. Ltd. effective 1st October 2017, according to a press release published on its website today. The proposal to change the name was approved by the board of its parent company (GMO Internet) in May 2017.
With the transition, the company will also move to a new website, www.gmofh.com, which is scheduled to go live on the same day. Along with its new identity, the company plans to accelerate business development in new financial fields. The rebranding exercise by the company reflects one of its strong differentiating characteristics – readiness to innovate in its products and services.
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GMO Internet has been moving on a lot of changes and new service launches throughout the year. The board of the company has also changed its financial year from April-March to January-December in order to standardize operations with different group companies, maintaining uniformity.
GMO is focusing on building its digital currency portfolio and has recently expanded into the cryptocurrency business with Bitcoin mining.
GMO Click is one of the biggest FX retail brokers by trading volume in the world, and it has been recording a steep decline in monthly trading volume for most of the year, with trading volumes slashed to half in August 2017 compared to the peak of $1.2 trillion in January 2017.