GMO Click September Volumes Down 22% to Year Low
- GMO Click, the world’s largest retail forex broker by volume announced its September OTC FX trading volumes. Total volumes were $635 billion, 22% below August’s figures, but 117% above the same period last year.
GMO Click, the world’s largest retail 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 broker by volume has announced its September OTC FX trading volumes. For the month, total volumes were $633 billion, 22% below August’s figures, but 117% above the same period last year. September marked the lowest month of activity in FX trading at GMO Click, but the volumes continue to remain well above 2012 levels. In addition to increased yen Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, GMO Click has benefited from a rise in its client base, where the broker reported total FX accounts of 313,733, an all-time high.
The decline in trading volumes comes after similar results were reported from the Tokyo Financial Exchange. According to Forex Magnates' sources, market makers have been rumored to have done well during September. As such, it will be interesting to see how non-Japanese brokers and venues have performed during the month. Looking ahead, we expect to soon see figures from leading FX trading venues, the CME Group, EBS, and Thomson Reuters, as well as Saxo Bank, DMM Securities, and FXCM in the coming days.
GMO Click Monthly FX Volumes ($ billion)
GMO Click, the world’s largest retail 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 broker by volume has announced its September OTC FX trading volumes. For the month, total volumes were $633 billion, 22% below August’s figures, but 117% above the same period last year. September marked the lowest month of activity in FX trading at GMO Click, but the volumes continue to remain well above 2012 levels. In addition to increased yen Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, GMO Click has benefited from a rise in its client base, where the broker reported total FX accounts of 313,733, an all-time high.
The decline in trading volumes comes after similar results were reported from the Tokyo Financial Exchange. According to Forex Magnates' sources, market makers have been rumored to have done well during September. As such, it will be interesting to see how non-Japanese brokers and venues have performed during the month. Looking ahead, we expect to soon see figures from leading FX trading venues, the CME Group, EBS, and Thomson Reuters, as well as Saxo Bank, DMM Securities, and FXCM in the coming days.
GMO Click Monthly FX Volumes ($ billion)