Japanese brokerage GMO Click has reported its October 2016 operating revenue, revealing a downturn in performance compared to last month’s figures which had provided some respite from the general downturn seen in the industry during August.
As with last month’s metrics, the figures are not only down this month, but are also lower than those recorded for the same period last year.
As per GMO Click’s statement, October operating revenues declined to $18.4 million (¥1.96 billion) compared with last month’s $23.8 million (¥2.47 billion), representing an decrease of almost 21% MoM.
When compared with same period last year in which the operating revenue recorded was $20.6 million (¥2.2 billion), the decline while still evident, was felt to a lesser degree, at a notch over 11 percent.
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With the exception of June which recorded sound revenues, the last few months of the 2016 calendar year have generally seen diminishing trading volumes, and although GMO Click’s September trading volumes experienced an uptick, they once again saw a downward turn in October, amid what has been a mediocre year for many across the industry.
Earlier this month, GMO Click released its overall October 2016 trading volumes, which came in at $782.68 billion (¥80.57 trillion) for its over-the-counter (OTC) FX trading volumes, revealing a loss of -10.8% MoM from $878.15 billion (¥90.4 trillion) in September 2016.
In terms of GMO Click’s FX OTC accounts, the figure reversed the narrative, yielding 459,402 accounts, which reflects a marginal increase of 0.8 percent Mom from 456,103, indicating that 3,299 new accounts were added from the previous month.