After recording incredibly strong trading volumes for the month of March, Japanese retail broker GMO Click has posted a drop in volumes in the month of April, as eases.
As , March was a record month for the broker, with the total over the counter (OTC) foreign exchange (forex) margin trading volume coming in at almost $1.84 trillion.
According to the data provided by GMO Click to Finance Magnates, the trading volume recorded in March of 2020 was the best monthly result seen by the broker since at least mid-2014.
Although the trading volumes achieved in April are still healthy, they are nowhere near the record volumes of the previous month. Specifically, GMO Click reported a total trading volume for OTC FX margin trading of $1.09 trillion. Therefore, volumes have fallen by 40.5 per cent on a monthly comparison.
Nonetheless, April’s trading volume is still the second-best monthly trading volume posted this year, and it is the second strongest monthly volume recorded by GMO Click since January of 2017.
It is also worth mentioning that last month’s trading volume, although lower than March, is significantly stronger year-on-year, having increased by 123.8 per cent from the $488.7 billion posted in April of 2019.
GMO Click sees YoY uptick in on-exchange volumes
Taking a look at on-exchange trading, as was the same with OTC volumes, April has noted a significant fall in volumes, dropping from $8.5 billion down to $3.1 billion, which represents a fall of 63.5 per cent.
On a yearly comparison, however, April of 2020 has yet again achieved an uptick in volumes, with April of last year posting an on-exchange trading volume of $2.4 billion, therefore, volumes have increased by 29.2 per cent.
GMO Click is not alone in posting a drop in trading volumes in April. As , Nasdaq, Integral and all posted a monthly drop in volumes last month, down from March.
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