Leading Japanese online forex broker GMO Click reported March metrics today. Total margin spot FX trading at GMO Click’s FX Neo for March 2015 clocked in at $969 billion (¥116 trillion) a 1.95% increase compared to the $962 billion (¥113 trillion) reported in February. The uptick in MoM volumes from February is now being seen across the board across many trading venues. March 2014 FX Neo volume stood at ¥69 trillion, for a 67% increase YoY.
Clearly volumes are still elevated from last years historic drop in volatility which led to a prolonged volume slump. LeapRate reported back in January a milestone month for GMO Click where its Neo platform topped $1.2 trillion, setting a record high for monthly volume for a retail FX brokerage since the beginnings of the retail FX industry.
GMO Click has begun to seek expansion away from the notoriously domestic market orientated Japanese FX sector, having taken its Z.com brand to London last month, a pioneering move for a Japanese company, thus setting it’s eyes clear on the European continent. GMO Click last month talked with LeapRate about the London move and more, you can read the interview, by clicking here.
For historical volume results from GMO Click, click here (Japanese).