Continuing a down trend we’ve seen across the Forex trading universe in May, Japanese online brokerage leader GMO Click Securities, a subsidiary of GMO Click Holdings Inc (TYO:7177), has just published its key operating metrics for May 2016, with volumes generally down from April levels.
Both OTC and on-exchange trading volumes took a dive in May, although GMO Click saw a slight rise in the number of Forex accounts.
The broker reported OTC Forex volumes of ¥91.71 trillion (USD $834 billion) for May 2016, 11% lower MoM than April. The annual comparison was down 7% YoY from May 2015.
On the bright side, the number of FX Neo accounts held at GMO Click reached 441,830 at the end of April, up marginally from April’s 438,762.
The number of contracts traded on Click365, the on-exchange FX margin trading service, amounted to 462,813, down 15% MoM from April and off 1% YoY from May 2015. The number of Click 365 accounts rose to 334,143 at the end of last month.