GMO Click Securities, a subsidiary of GMO Click Holdings Inc (TYO:7177), has just published its key operating metrics for August 2016, with OTC FX volumes dipping below 1 trillion USD during an August with no significant activity to bolster markets and the VIX volatility index in a calm range. This month comes after trading volumes had bounced back to hold back above USD 1 trillion in the OTC segment during June and July.
Both OTC and on-exchange volumes fell around 30% in August, but with GMO Click continuing to see growth in the number of trading accounts.
The broker reported August OTC Forex volumes of ¥78.24 trillion (USD $888 billion) down from July’s ¥116.40 trillion (USD $1.14 trillion) for July 2016, 32% lower MoM from July numbers.
The number of OTC FX accounts held at GMO Click reached 452,222 at the end of August, up marginally from July’s 448,805.
The number of contracts traded on Click365, the on-exchange FX margin trading service amounted to 400,880 down 29% from July’s 566,808. Continuing its positive trend, the number of Click 365 trading accounts rose to 344,836 in August from July’s 341,496 accounts.