Japanese broking giant GMO Click has reported its January 2018 trading volumes, which took a step forward, showing a notably healthy advance across its business segments. GMO’s operational metrics have finally managed to recover from the weak momentum seen in December 2017, which showed the worst reading in a month at the venue since 2014.
The last few months of the 2017 calendar year saw diminishing trading volumes, including a yearly low figure of ¥51.0 trillion ($451.9 billion) marked back in December. Since July 2017, GMO Click’s trading volumes were on the uptick, albeit within a tight consolidation range, having secured a monthly advance in several months but once again turned lower in December.
For the month ending January 2018, GMO Click disclosed a figure of ¥82.7 trillion ($752 billion) for its over-the-counter (OTC) FX trading volumes, or FXNeo product, which represents a gain of 62 percent month-over-month from its equivalent in the month prior, also the highest figure since March 2017.
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In terms of FX OTC accounts, which trade through the company’s retail forex trading FXNeo platform, the figure showed a flat change, yielding 519,696 accounts which reflects a marginal increase of 0.9 percent month-over-month from 515,022, indicating that 4,674 new accounts were added over the prior month.
Within the reported Click 365 segment, trading volumes for GMO Click’s exchange traded product were also higher, coming in at 565,927 contracts in January 2018, up 38.0 percent from 411,508 contracts a month earlier.
Furthermore, the number of Click 365 accounts during January 2017 increased to 413,607 from 408,986 in December 2017.
According to the latest data from Finance Magnates Intelligence, GMO was the undisputed leader throughout the whole of 2017, achieving average monthly volumes of $660.32 billion. Although this number is very impressive, it is significantly less than the high of $900 billion that was set in 2016.