The third Japanese brokerage to report volumes this month, GMO Click has come out with its figures and the results are another round of declines – similar to its other peers in the region, DMM Securities and Monex Inc., the world’s largest retail FX brokerage by volume has lost some more FX trading flows in July. The monthly FX volumes at the over-the-counter FX division, FX Neo of the company number has been announced at ¥40.25 trillion ($390.3 billion), which is about 10% lower than in June.
The exchange traded part of GMO’s business, Click 365 has marked ¥237 billion, which is lower by 12.7%, and confirms the trend observed in the monthly figures of the Tokyo Financial Exchange. The decline in trading volumes comes as no surprise, as the latest bout of global geopolitical unrest has not brought much volatility to the FX market. Instead we are seeing a protracted period of subdued activity, due to zero interest rates monetary policy being widely adopted across major economies.
New CFDs Now Available for SuperForex ClientsGo to article >>