GMO Click September Volumes Down 22% to Year Low

Tuesday, 01/10/2013 | 08:58 GMT by Ron Finberg
  • 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 September Volumes Down 22% to Year Low

GMO Click, the world’s largest retail Forex 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 , 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 Monthly FX Volumes ($ billion)

GMO Click, the world’s largest retail Forex 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 , 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 Monthly FX Volumes ($ billion)

About the Author: Ron Finberg
Ron Finberg
  • 1983 Articles
  • 8 Followers
About the Author: Ron Finberg
Ron Finberg, a specialist in regulatory issues, brings clarity and depth to finance news
  • 1983 Articles
  • 8 Followers

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