Japanese brokerage GMO Click has released its latest trading volume figures for the month ending July 2016 revealing an all-round solid set of financial metrics.
After three consecutive months on the wane, last month’s figures climbed back towards February 2016 highs and this month sees a continuation of the upward trend as revealed in GMO Click’s latest statement.
OTC FX Trading Volumes
GMO Click’s over-the-counter (OTC) FX trading volumes came in at $1.14 trillion (¥116.4 trillion) during July 2016, constituting a rise of 5.7 percent MoM from June’s $1.08 trillion ( ¥110.2 trillion). The increase builds on last month’s figures despite a differential of 20 trading days versus June’s 22 days.
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FX Trading Daily Average
In terms of other metrics, GMO Click saw a daily OTC FX trading average of $54.5 billion (¥55.4 trillion), reflective of a MoM jump of 10.7 percent from $49.2 billion (¥5.0 trillion) in June 2016. The positive figures indicate that average daily volumes (ADV) are continuing their return to February highs after seeing several months of declining figures.
GMO Click also recently reported improved operating revenues of $28.8 billion (¥3.02 trillion) for June 2016 and overall Q1 figures of $74.6 billion (¥7.8 trillion) for the fiscal year ending 31 March, 2017 confirming that the broker is back on track to deliver positive results for the remainder of 2016.