GMO Click’s October forex volumes fall again

GMO Click’s October forex volumes fall again

- in All News, Featured News, Forex Brokers
GMO Click group companies

After a slight recovery in September, the trading volumes of GMO Click Securities and FX Prime – the forex and CFD brokerages part of the Japanese GMO Click Holdings (TYO:7177) are declining again, shows the monthly company metrics report.

In October GMO Click Securities reported it had a total over-the-counter (OTC) total trading volume of nearly JPY80.6 trillion, down 10.8% from September’s JPY 90.4 trillion and an average daily volume of JPY 38.4 billion.

The number of OTC forex accounts at GMO Click Securities in October 459 402 – an insignificant increase of less than 1%, compared to September. The CFD accounts were 59 992, also a little more than in the previous month and the same can be said of the binary options accounts whose number in October stood at 166 813.

The total customer assets held by GMO Click Securities in October were JPY 686 billion.

The other forex brokerage of the GMO Click Holding – FX Prime – performed even worse than GMO Click Securities with a 46.3% decline of its October trading volume, to JPY 5.1 trillion. The daily average volume also fell by nearly half to JPY 240.7 billion.

The number of OTC forex accounts in FX Prime in October was 169 013 – just 519 more than in September.

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.

In October GMO Click group reported poor operating revenue in its Q2 FY 2017 and announced plans to set up a Thai forex brokerage unit with the brand GMO-Z com Trade (Thailand) Ltd.

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