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.
How Entrepreneurs Fail at Blockchain StartupsGo 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.
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.