Japanese forex brokerage group GMO Click Holdings said on Monday it generated a preliminary consolidated operating revenue of JPY 1.96 billion in October 2016, falling again below the JPY 2 billion threshold. The figure represents a significant drop of 20.9% over the month and 11.5% year-on-year.
However, this is not the lowest monthly value posted in the current fiscal year (FY), started 1 April, 2016. The broker saw some quite slow months in FY 2017. For July and August, GMO Click also reported operating revenues below JPY 2 billion. As a result, the total operating revenue for the second quarter of the fiscal year dropped by double-digits both over the quarter and on the year, and even below the levels generated in the previous fiscal year.
Earlier this month, the broker reported the October trading volumes of GMO Click Securities and FX Prime, two of its major subsidiaries, also posted a significant decline by double-digits compared to the preceding month.
The GMO Click group consists of the holding company GMO Click Holdings, and its subsidiaries GMO Click Securities and FX Prime by GMO Corp., both based in Japan, Hong Kong-based GMO-Z.com Forex HK and GMO-Z.com Bullion HK, and London-based GMO-Z.com Trade UK. Recently, the brokerage announced it is in the process of setting up a subsidiary in Thailand, called GMO-Z com Trade (Thailand) Ltd.