GMO Click has just disclosed its March 2017 metrics, showing a healthy growth in its monthly trading volumes. The rise was triggered by higher volatility, which was influenced by global currency moves and changes in monetary policy.
Axia Investments – Take Your Trading to the Next LevelGo to article >>
Trading volumes for March 2017 came in at ¥46.4 trillion ($418.5 billion), a growth of 8.9 percent month-over-month from ¥42.6 trillion ($384.3 billion) in February 2017. While the figure does illustrate a slight rebound from the month prior, GMO Click’s latest reading is still substantially below that of January, having fallen -23.5 percent year-to-date.
March 2017’s trading volumes also came in lower over a year-over-year interval, declining by ¥50.6 trillion ($456.6 billion) from March 2016. An uptick in trading activity was buoyed by changes to volatility across FX markets, as well as more revelations regarding Japanese monetary policy. March featured action from the US Federal Reserve, dictating higher movements across global currency markets.