Japanese conglomerate GMO CLICK Holdings, Inc. released today a monthly preliminary report of its various subsidiaries for August 2016. The figures show very disappointing results in terms of trading volumes for the summer month, especially compared to the finally positive performance in July.
GMO Click’s over-the-counter (OTC) FX trading volumes came in at a measly ¥78.23 trillion during August 2016, down 32.8% from in ¥116.4 trillion July. TFX Click 365 trading volume fell as well about 29.3% from the previous month. Total customer assets dropped from 680,270 to 662,782 millions of yen.
Forex Trading Disruptor Sees Growth Thanks to Offshore Regulated StatusGo to article >>
This drop in volumes happened despite GMO CLICK’s growth in the number of new traders during the month. In August the number of brokerage accounts increased from 293,330 to 295,333; the number of OTC FX accounts increased from 448,805 to 452,222; the number of TFX Click 365 accounts increased from 341,496 to 344,836; the number of CFD accounts increased from 57,933 to 58,561; and the number of binary option accounts increased from 163,742 to 164,665.
The daily statistics are even more disappointing for GMO CLICK considering that July 2016 offered just 20 trading days for the equity market and 21 for the FX market in Japan and August’s totals were lower despite offering 22 and 23 trading days for the equity and FX markets respectively.