GMO Click Securities and FX Prime – the forex and CFD brokerages part of the Japanese GMO Click Holdings (TYO:7177), reported an August slump in their monthly results, after a very strong July.
According to the report, in August GMO Click Securities’ over-the-counter (OTC) forex business saw a trading volume of JPY 78.2 trillion, which is 32% less than in July. The daily average over the 23 trading days also decreased significantly to JPY 34 billion. This is nearly 39% less than in July, when the daily average was JPY 55.4 billion.
Nevertheless, the number of OTC forex accounts on GMO Click Securities increased by 3417 and reached 452 222. The number of CFD accounts rose insignificantly to 58 561, 628 more than in July. The number of binary options accounts was 164 665 and that of TFX Click 365 Accounts (on-exchange traded forex) was 344 836.
The total customer assets held by GMO Click Securities in August were nearly JPY 663 billion, or 2.5% less than in July.
The other forex brokerage of GMO Corporation – FX Prime – performed even worse in the peak holiday month. The brokerage reported a trading volume of JPY 6.9 trillion – nearly 48% lower than in July. The average daily volume also decreased in August and stood at a little over JPY 3 billion – almost 52.4% lower than in the preceding month.
The number of OTC forex accounts in FX Prime also diminished and stood at 168 316, or 501 less than in July.
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.
Earlier on Monday the main competitor of GMO Click Securities on the Japanese forex market – Monex – also reported a slump in its August volumes.