GMO Click Reports Weak Trading Activity in July 2018
- The average daily figures of OTC fx trading values in July were at its lowest levels since December 2012.
Japanese broking giant GMO Click (GMO) has released its monthly trading activity report for July 2018 today. For its over-the-counter (OTC) 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 trading activity, the firm saw some of the worst results since December 2012, despite an increase in the number of user accounts.
In the report from GMO, it released the results on its number of accounts and trading price actuals for July. Since the beginning of this year, trading activity on GMO has been steadily declining. The results from May and now July showed a lull in activity not seen since 2014 and 2012 respectively.
The broker’s forex NEO service, which allows OTC foreign exchange margin trading, continued to see a growth of accounts, coming in at 549,100. However, the monthly traded price was down to $5.356 trillion (597.6 trillion yen). This is a decline of almost 11 percent year-on-year and a fall of 24 percent from June 2018. Furthermore, this was the lowest number since December last year and the second-worst result since August 2014.
Securities trading contracts and OTC Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term values hit 2012 lows
In July 2018, the number of securities trading accounts was 350,247; this was up by 11 percent from the previous month. However, despite the increase in accounts, the average number of contracts per day were 46,150 - a figure not seen since December 2012.
In addition, for OTC forex trading values, the monthly trading price, average trading price per day and monthly contract number were all at their lowest levels in July this year since December 2012.
Taking a look at Click 365, an exchange for forex margin transactions, the results are more upbeat for the broker. In July this year, the number of accounts increased by one percent from the previous month to reach 443,505 accounts.
This is in line with the regular growth of accounts on the exchange. The monthly trading quantity was also up by 10 percent month-on-month to 578,925 sheets. When compared to the same period last year, this was an increase of more than 25 percent.
Japanese broking giant GMO Click (GMO) has released its monthly trading activity report for July 2018 today. For its over-the-counter (OTC) 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 trading activity, the firm saw some of the worst results since December 2012, despite an increase in the number of user accounts.
In the report from GMO, it released the results on its number of accounts and trading price actuals for July. Since the beginning of this year, trading activity on GMO has been steadily declining. The results from May and now July showed a lull in activity not seen since 2014 and 2012 respectively.
The broker’s forex NEO service, which allows OTC foreign exchange margin trading, continued to see a growth of accounts, coming in at 549,100. However, the monthly traded price was down to $5.356 trillion (597.6 trillion yen). This is a decline of almost 11 percent year-on-year and a fall of 24 percent from June 2018. Furthermore, this was the lowest number since December last year and the second-worst result since August 2014.
Securities trading contracts and OTC Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term values hit 2012 lows
In July 2018, the number of securities trading accounts was 350,247; this was up by 11 percent from the previous month. However, despite the increase in accounts, the average number of contracts per day were 46,150 - a figure not seen since December 2012.
In addition, for OTC forex trading values, the monthly trading price, average trading price per day and monthly contract number were all at their lowest levels in July this year since December 2012.
Taking a look at Click 365, an exchange for forex margin transactions, the results are more upbeat for the broker. In July this year, the number of accounts increased by one percent from the previous month to reach 443,505 accounts.
This is in line with the regular growth of accounts on the exchange. The monthly trading quantity was also up by 10 percent month-on-month to 578,925 sheets. When compared to the same period last year, this was an increase of more than 25 percent.