GMO Click Reports Weak OTC and Margin FX Trading in February

GMO Click, a retail dealer in Japan, has reported its month-to-month buying and selling volumes for the month of February. After attaining sturdy ends in the primary month of 2019, the agency has not been capable of preserve this tempo and has seen a major drop in overseas change (foreign exchange) buying and selling.

Specifically, FX over-the-counter (OTC) volumes by GMO Click’s retail foreign currency trading FX Neo platform, got here in at ¥504.three billion. This is the bottom month-to-month buying and selling value recorded since August of 2014.

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When measuring this worth towards the earlier month, which had a month-to-month buying and selling value of ¥794.2 billion, that is down by 36.5 %. On a yearly comparability, February’s result’s decrease by 47.four %.

This drop in buying and selling quantity comes regardless of an uptick within the variety of buying and selling accounts, which grew by 6,177 accounts or 1.1 %, to succeed in 592,172 accounts. February of 2019 had 67,717 extra accounts than the identical interval in 2018.

Moving on to Click 365, foreign exchange margin buying and selling additionally skilled a pointy drop in February. Although 6,187 new accounts had been opened in the course of the month the month-to-month transaction amount, which was 346, 294 contracts, fell by 222,709 contracts or 39.1 % month-on-month.

When measured towards the prior yr interval, February 2018, the outcomes look even worse as this month noticed 722, 797 contracts traded. This implies that February of 2019’s consequence was 376,503 contracts much less year-on-year.

Equities Maintains Solid Results in February on GMO Click

The equities markets, nonetheless, managed to keep away from the downward pattern which plagued FX buying and selling and truly achieved stable outcomes. Over the course of February, the typical variety of contracts traded per day elevated by 15.7 % month-over-month to 48,084 contracts.

The common buying and selling worth per day was additionally up on a month-to-month comparability, rising by 9 % from ¥49.9 billion in January of 2019 to ¥54.four billion.


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David is the founder of The firm originates business financing for companies of all size in the Canadian marketplace . Originations include business loans, term loans, asset based lines of credit, SR ED Tax credit financing , and receivable financing .

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