GMO Click Holdings, a leading Japanese forex brokerage, said on Tuesday its subsidiaries GMO Click Securities and FX Prime both saw their trading volumes from over-the-counter (OTC) forex activities on the rise in June 2016, after a month earlier they reported significant drop.
GMO Click Securities exceeded the JPY 100 trillion threshold last month and reached an OTC forex trading volume of nearly JPY 110.2 trillion, or the third largest so far this year after January and February. Compared to a month earlier, the figure represents a jump of more than 20%. On the other hand, FX Prime’s volume from OTC forex trading more than doubled to JPY 10.4 trillion in June from some JPY 4.8 trillion in May.
GMO Click Securities also reported volumes from equity trading and futures trading of JPY 1.9 trillion (up 11.7% on the month) and JPY 1.4 trillion (up 26.9% on the month), respectively.
Last month’s average daily trading volume of the two brokers also increased significantly. That of GMO Click Securities went up by 30% on the month to JPY 19.9 trillion, while FX Prime saw a monthly growth of 118% to JPY 473.5 billion.
The number of accounts opened with the two brokers also increased slightly last month. FX Prime’s clients operated 169,940 OTC forex trading accounts at the end of June. GMO Click Securities handled last month 445,386 OTC forex accounts and 337,741 TFX Click365 accounts (for exchange-traded forex), as well as 291,130 brokerage accounts, 162,830 binary options accounts, and 57,218 contracts for difference (CFDs) accounts.
Earlier on Tuesday, Monex Group, another Japan-based forex brokerage, reported its daily average revenue trades (DARTs), or the daily number of transactions that generate revenue per business day, from global operations also increased in June after a month earlier it posted its all-time third lowest value.
In addition to GMO Click Securities and FX Prime by GMO Corp., the GMO Click group also includes Hong Kong-based GMO-Z.com Forex HK and GMO-Z.com Bullion HK, and London-based GMO-Z.com Trade UK.
Source: GMO Click Holdings