At the meeting of its board of directors held today, the parent company of Japan’s largest FX retail broker, GMO Click Holdings, said that it proposes a “partial change to articles of incorporation”, including rebranding to GMO Financial Holdings, according to a corporate statement published on its website.
GMO Click cited the reason for the amendment as an attempt to further accelerate business development in new financial fields. The rebranding reflects one of GMO’s strongest differentiators; its digital agility to innovate solutions that swiftly and seamlessly offer trading and fintech products that serve clients with a global presence.
Earlier in February, GMO Click and Swiss bank Swissquote announced plans to pioneer their virtual reality (VR) trading apps. The event marks the first attempt to reinvent the trading interface that has been familiar to traders for decades.
How Will Zero-Fee Investment Platforms Impact Traditional Stock Brokers?Go to article >>
Additionally, GMO Click plans to change its fiscal year period to adopt January-December as the new business year, thereby signaling an end to the April-March period used since its inception in 2012.
The move is aimed at aligning the Japanese company’s financial accounting and fiscal policies with the vast majority of its global peers. The standardization would also ensure uniformity in collection and analysis of operational data from its foreign subsidiaries which includes GMO CLICK Securities, GMO-Z.com Forex HK Limited, FX PRIME and GMO-Z.com Trade UK Limited.
According to the latest data from the Finance Magnates Intelligence Department, GMO Click Securities Co. Ltd. – the online financial trading subsidiary of the Japanese conglomerate GMO Internet (TSE: 9449) – was the biggest forex broker in the world again for 2016.
GMO Click has held this position since 2012 and doesn’t seem to be letting go. In fact, the Japanese giant has a very comfortable lead over the competition with by far the highest trading volumes in the industry globally. GMO Click saw a whopping average monthly trading volume of about $900 billion ($899.94 billion to be exact) throughout 2016.