The industry-wide pandemic of waning monthly metrics by Forex brokers continued today with the release of GMO Click’s May volumes, showing a -12.6% fall MoM in FX volumes to $530 billion (¥54.38 trillion), according to a GMO Click statement.
These weak figures by GMO Click come on the , which already fell by double-digit figures (-10.0 MoM). Volume metrics at the company’s retail platform FXNeo were lower by -12.6% since April, totaling just $530 billion (¥54.38 trillion) in May vs. $606 billion (¥62.2 trillion) in April. In addition, this also represents the lowest volumes reported by the company thus far since January, falling -34.3% YTD. This trend in regards to FX is hardly relegated to just GMO Click however, as similar weak results were seen across the and .
Despite the lackluster May volumes, the GMO Click’s exchange traded business, Click 365 rose marginally higher to $3.0 billion (¥308.9 billion) in May from $2.93 billion (¥301.0 billion), which bounced off record lows last month.
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