After back to back monthly records, the world’s largest retail forex broker by volume, Japanese GMO Click Securities, saw March trading activity decline. For the month, volume fell 18.9% to $698.7 billion from February’s record $861.8 billion. The decline matches similar results we saw yesterday from both the Tokyo Financial Exchange and CME where Yen trading had been lower in March.
While definitely a meaningful decline in terms of overall volume, the figures are still well above 2012 averages. After January’s record results were posted, a GMO representative mentioned that the Yen volatility had attracted more customers to trade. As such, the strong figures as compared to 2012 represent that GMO Click has been able to retain a high percentage of its traders interested in trading despite the leveling off of Yen volatility. Nonetheless, March’s results do foreshadow that we could see figures quickly drop again during the next few months if volatility returns to 2012 levels.
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