GMO Click, a Japanese broking giant, has published its trading volumes for October 2018. Whilst the firm did experience gains across the board, the results for the month were still not as strong as those during the beginning of the year.
Back in March and April, GMO’s trading volumes took a rather large hit. Since then, although the broker has seen a constant upward trend, it has not been able to recover, with October being no exception.
During October, the monthly trading price was ¥1.5 trillion. This is up 26 per cent from the previous month, which had a monthly trading price of ¥1.1 trillion. However, when compared to the same time period last year, this is down by 23 per cent.
The average trading price per day during the month was ¥68.5 billion. This is also up from September, climbing by almost 10 per cent. Following the same trend, on a yearly comparison, this is lower (around 30 per cent) than what was achieved in – ¥93.6 billion.
FX trading volume jumps for GMO
Taking a look at foreign exchange (FX) over-the-counter (OTC) volumes through the company’s retail forex trading , the monthly trading price for October came in at ¥711 billion.
When comparing this on a month-on-month basis, this is an increase of around 27 per cent. Considering the monthly trading price of the same time period last year, which experienced a trading price of ¥732 billion, this is down on a year-on-year basis. However, the decline is less noticeable at around 3 per cent.
The number of accounts on the FX Neo platform also jumped in October by 1 per cent or 6,393 accounts to reach 566,184 accounts.
Moving onto , forex volumes were also up, with the monthly traded quantity hitting 583,585 contracts. Specifically, 221,785 more contracts were traded in October 2018 than the previous month, representing an increase of 38 per cent.
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