What’s Affecting Japan? DMM Securities September FX Volumes Decline

Japanese DMM Securities, the world’s second largest retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term broker by volumes posted its September forex volumes. During the month, total volumes were $491.1 billion. The figure was 15.8% below August’s figures. The figures followed a similar decline that was reported by GMO Click earlier this week.

After topping $1 trillion in volume during June, activity at DMM Securities has fallen more than 50% from its year high. The decline is similar to results from other Japanese brokers. Among the largest declines was seen at SBI Trade FX. The multi-asset broker was a late entrant into the OTC FX sector. However, they quickly made a big impact by offering consistent extraordinary (0.1 ) tight spreads in the USDJPY to build up its forex business. The result was that out of nowhere, SBI FX Trade grew into one the top Japanese FX brokers, hitting over $500 billion in volumes during June. However, with the broker beginning to widen spreads in July, volumes in August fell to less than 20% of the June highs. The changes at SBI Trade FX also allowed competing brokers to begin to price their offerings wider, which is directly correlated to the Japanese industry-wide decline in volumes taking place.