Japanese FX company DMM Securities has announced that its trading volume for November 2013 stood at JPY 52,282 billion, equating to $497.4 billion, demonstrating the emergence of a recovery from last month’s JPY 51,027 billion. Interestingly, despite the trading volume having been higher when calculated in JPY, the US dollar value of December’s trading volume was indeed lower during December, with November’s result having been $498.8 billion.
Staying Ahead: How Brokers Are Approaching 2020Go to article >>
Although December’s volume figures represent a slight improvement over those of November, trading activity at DMM Securities is not yet back to the results experienced in October, as the company’s trading volumes had been gradually decreasing since the summer of this year when the firm passed the $1 trillion dollar mark, along with compatriot company GMO Click Securities, and with December’s figure, the general protraction appears to be continuing to make its presence felt, in a general trend across the retail FX sector as 2013 came to an end.
It is evident within December’s figures that DMM Securities is only experiencing half of the monthly trading volumes compared to the records achieved in the summer of 2013.