GMO Click Sees Operating Revenues Fall for Fourth Consecutive Month

GMO Click’s financial metrics also witnessed a deterioration in its operating revenues, having come in at only $19.1 million in

GMO Click, the largest brokerage in Japan by volumes, has revealed its financial metrics for the month ending July 2015, according to a GMO CLICK statement.

Earlier this August, GMO Click released its monthly tranche of foreign exchange (FX) volumes for July 2015, which generated a total of $983 billion, corresponding to a loss of -9.5% MoM from June. However, the figure is a steadfast improvement from its 2014 equivalent, surging 146% YoY from July 2014.

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However, for the month ending July 2015, GMO Click’s financial metrics also witnessed a deterioration in its operating revenues, having come in at only $19.1 million (¥2,379 million) – this figure shows a decline of -3.0% MoM from $19.7 million (¥2,432 million) reported in June 2015.

Furthermore, GMO Click has now seen a successive decline in four straight months, having had its volumes wither from a high of $22.1 million in April 2015. The trend is largely on par with the rest of the FX industry, albeit in other regions, with many brokers grappling with market tranquility and a cessation of volatility just one month after a lingering Greek debt crisis.

GMO Click also recently made headlines when the group marked a new milestone for the company, registering the 400,000th account at the brokerage this past June. It remains to be seen if the account growth corresponds to higher revenues and volumes however, two trends that have thus far been pointed downward.

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