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, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
The Best PSPs for Forex Brokers in One UTIP App Go to article >>
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.