GMO Click’s Monthly FX Trading Volumes Decline in April 2017

Japanese Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term giant GMO Click has just disclosed its April 2017 metrics, showing a slowdown in its monthly FX trading volumes.

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Trading volumes for April 2017 came in at just ¥39.2 trillion ($348.2 billion), a decline of 15.5 percent month-over-month from ¥46.4 trillion ($418.5 billion) in March 2017. This figure is weak compared with the month prior, and GMO Click’s latest reading is also substantially below that of January (¥60.5 trillion) and February as well (¥42.6 trillion).

April 2017’s trading volumes also came in very low when measured over a year-over-year basis, declining by about 28 percent from ¥54.4 trillion ($483.3 billion) in April 2016.

It was recently reported that the brokerage's parent company, GMO Internet, Inc. (TSE: 9449), is among a number of Japanese firms who are in the process of applying for a Japanese bitcoin exchange license according to the Japan Cryptocurrency Business Association.