Japanese FX brokers continue to go from strength to strength, further strengthening the nation’s retail FX sector as it maintains its position as the largest worldwide. Despite its established retail sector which accounts for between 30% and 40% of the world’s entire FX volumes, it continues to expand further as two brokers posted volumes of over $1 trillion just recently.
This milestone in monthly volumes has now been passed again in July by GMO Click Securities, which posted July volumes of $1.07 trillion, following on from June’s $1.104 trillion, a record for the firm to date.
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Compared to last year, these figures represent a remarkable return to form for the Japanese market as well as the international market this year after a series of weak performances internationally for the entire industry during the entirety of 2012. To put this into perspective, GMO Click, despite having an established client base, completed July 2012 with a total volume of $309 billion, less than half of that of the same month this year.