GMO Click has announced its monthly trading volumes for the month of September. After dropping to multi-year lows in July, volumes have been steadily picking up over the last couple of months. On FXNeo, the company’s retail FX trading platform, the average trading volume for the month was $827.7 billion (¥91 trillion).
This was an increase of 13.75 percent over the volumes from the previous month and a slight improvement of 0.7 percent year on year. The number of accounts has increased by 1 percent from the previous month to 502,617 accounts. This is the first time in its history that the number of accounts has exceeded 500,000 and the company believes that this is due to its low fee structure.
The improvement in the volumes over the previous month could be attributed to the fact that it was a holiday period in August for the Japanese. Traders returned to their desks in September which has helped move volumes higher. Another reason could be the increase in volatility in the yen during this period.
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GMO Click’s Click 365 exchange traded product showed a slight increase in trading volume as the number of contracts traded was 438,860. This was a 5.2 percent increase over that of August 2017.
It has to be noted that the volumes have been down on Click 365 all year through when compared to last year. September was no exception as the number of traded contracts was down by 13.6 percent in 2017 when compared to September 2016.
The volumes of both Click 365 and FXNeo have been showing a downward trend since January of this year. The FX volumes seem to be picking up once again over the last couple of months but the volumes of Click 365 seem to be stagnant.