GMO Click Reports Sharply Better September Volumes as Forex Market Wakes Up
- One of the largest retail FX brokers in Japan, GMO Click reports 79% growth in FX volume compared to August and a 43% YoY rise compared to September 2013. The FX market has truly left hibernation in the month of September.
One of the largest Japanese brokerages, GMO CLICK Securities, today published its September 2014 retail FX volume figures from trading on the FXNeo platform.
GMO reports ¥90.0 Trillion (~$841 billion) in total FX volume for September, a 79% increase from August 2014 and 43% year-on-year increase compared to September 2013. The number of new client accounts added in September was almost 6,000, a 1.66% increase.
Today’s results from GMO mirror several other positive performance reports specifically for the month of September. The FX market has burst into activity across the board among all retail brokers. The reasons have been multifaceted but directly linked to macro-economic and geopolitical developments including central bank manoeuvring (and expectations of), monetary policy diversion and the Scottish referendum. Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates has recently published volume metrics for MOEX, DMM, Saxo Bank, CME and KCG Hotspot all of which show particularly strong performances over the past month and broadly stronger metrics for the third quarter.
As reported by Forex Magnates yesterday, GMO opened an office in London and joins an increasingly long list of Asia-Pacific originating brokers to obtain an FCA license and operate from the UK.
One of the largest Japanese brokerages, GMO CLICK Securities, today published its September 2014 retail FX volume figures from trading on the FXNeo platform.
GMO reports ¥90.0 Trillion (~$841 billion) in total FX volume for September, a 79% increase from August 2014 and 43% year-on-year increase compared to September 2013. The number of new client accounts added in September was almost 6,000, a 1.66% increase.
Today’s results from GMO mirror several other positive performance reports specifically for the month of September. The FX market has burst into activity across the board among all retail brokers. The reasons have been multifaceted but directly linked to macro-economic and geopolitical developments including central bank manoeuvring (and expectations of), monetary policy diversion and the Scottish referendum. Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates has recently published volume metrics for MOEX, DMM, Saxo Bank, CME and KCG Hotspot all of which show particularly strong performances over the past month and broadly stronger metrics for the third quarter.
As reported by Forex Magnates yesterday, GMO opened an office in London and joins an increasingly long list of Asia-Pacific originating brokers to obtain an FCA license and operate from the UK.