GMO Suffers Decline in Preliminary Operating Revenues During July

Preliminary operating revenues took a dive in July 2016, reporting its lowest figure in over a year.

Japanese broking giant GMO CLICK Holdings, Inc. has reported its preliminary operating revenues for July 2016, which yielded a much lower performance over a monthly and yearly timeframe – the downtrend in monthly revenues remains intact despite a strong performance in June 2016, according to a GMO CLICK report.

Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

Suggested articles

FBS Receives Best Forex Broker Europe 2019 Award by The European MagazineGo to article >>

Per the latest figures, GMO CLICK’s July 2016 preliminary operating revenues came in at $17.2 million (¥1.75 billion), which orchestrated a pronounced decline from $29.6 million (¥3.02 billion) set back in June 2016 – this corresponded to a monthly decline of just -42.1% MoM, which was largely emblematic of reduced volumes and activity from a highly volatile month prior, instigated by the Brexit referendum.

Trending Lower

Looking further into the latest data, GMO CLICK’s July 2016 preliminary revenues were also lower by a margin of -26.2% YoY from $23.2 million (¥2.37 billion) in July 2015. With the notable exception of June, GMO CLICK’s operating revenues have trended lower in each month during 2016 – recently inking its lowest revenues in over a year.

Earlier this month, GMO CLICK released its overall July 2016 trading volumes, which came in at $1.14 trillion (¥116.4 trillion) during July 2016 – this constituted a rise of 5.7% MoM from June’s $1.08 trillion (¥110.2 trillion). The increase also built on last month’s figures despite a differential of 20 trading days versus June’s 22 days.

Got a news tip? Let Us Know