GMO CLICK Sees Stagnated May Preliminary Operating Revenues
- Despite oscillating revenues over the past few months, GMO CLICK is on track to see its highly quarterly revenue since Q1 2015.
Japanese broking giant GMO CLICK Holdings, Inc. reported its preliminary operating revenues for May 2016, which took a slight step back relative to last month’s strong figures, ultimately part of an uneven year thus far, according to a GMO CLICK report.
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Per the latest figures, GMO’s May 2016 preliminary operating revenues came in at $22.3 million (¥2.37 billion), reflective of a slight pullback of $22.7 million (¥2.41 billion) set back in April 2016 – this corresponds to a monthly decline of just -1.7% MoM, largely stuck in a tight band that has continued during Q2 2016 thus far.
Extrapolating the data to include May 2015, the preliminary revenues in May 2016 were lower by a margin of -10.6% YoY from $24.9 million (¥2.65 billion). GMO CLICK’s operating revenues had trended lower in each quarter during 2015 – after peaking in Q1 2015, the group’s revenue actually looks to be on track for a better quarter in 2016.
Earlier this month, GMO CLICK released its overall May 2016 trading volumes, having displayed a double digit decline of -15.4% compared to the prior month, whilst rescinding below the ¥100 trillion threshold to ¥95.96 trillion ($880 billion) - its lowest level since last December. May had marked the third month of declining volumes for GMO Click since its February 2016 peak of $1.43 trillion worth of transactions.
Japanese broking giant GMO CLICK Holdings, Inc. reported its preliminary operating revenues for May 2016, which took a slight step back relative to last month’s strong figures, ultimately part of an uneven year thus far, according to a GMO CLICK report.
The new world of 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, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Per the latest figures, GMO’s May 2016 preliminary operating revenues came in at $22.3 million (¥2.37 billion), reflective of a slight pullback of $22.7 million (¥2.41 billion) set back in April 2016 – this corresponds to a monthly decline of just -1.7% MoM, largely stuck in a tight band that has continued during Q2 2016 thus far.
Extrapolating the data to include May 2015, the preliminary revenues in May 2016 were lower by a margin of -10.6% YoY from $24.9 million (¥2.65 billion). GMO CLICK’s operating revenues had trended lower in each quarter during 2015 – after peaking in Q1 2015, the group’s revenue actually looks to be on track for a better quarter in 2016.
Earlier this month, GMO CLICK released its overall May 2016 trading volumes, having displayed a double digit decline of -15.4% compared to the prior month, whilst rescinding below the ¥100 trillion threshold to ¥95.96 trillion ($880 billion) - its lowest level since last December. May had marked the third month of declining volumes for GMO Click since its February 2016 peak of $1.43 trillion worth of transactions.