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.
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