Japanese FX giant GMO Click Securities has today announced its monthly trading metrics for July 2014, which paint a gloomy picture for the domestic Japanese FX market as a result of the company completing July with a 10% downturn in trading volume compared with June this year.
Rather more concerning is that GMO Click Securities, a company which set record trading results on several occasions during last summer with over $1 trillion in monthly FX volumes having been achieved for a number of consecutive months, has now seen its volume reduce to the lowest levels since the notoriously lackluster 2012.
In July 2014, GMO Click Securities reported a total volume of 40.25 trillion yen, which equates to approximately $390 billion, almost a third of the volumes achieved last summer.
Contrary to Singapore Exchange’s dramatically increased exchange-traded FX activity during July, Click 365, GMO Click’s exchange-based FX enterprise posted a decline in trading activity to 237 billion yen, which is approximately 13% lower than the previous month.