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Screenshot of a breaking news alert e-mail from Q2 2017
November’s trading volumes have so far been something of a mixed bag, with some companies having reported downturns compared with the high points of September and October, and others having reported stable figures which do not differ radically from the past two months.
Japanese FX giant GMO Click Securities is most certainly in the latter category, with November 2014 having proven fruitful for the company with trading volumes once again above $1 trillion.
In November, volumes for spot platform FX Neo were ¥114.27 trillion for the month, equating to $1.01 trillion, thus maintaining a stable position compared with the ¥114.92 trillion achieved in October, which was a month during which trading volumes on the FX Neo platform dramatically increased by 27.7% by comparison to September’s ¥90 trillion.
On exchange FX margin contracts for Click365 came in for November at 637,639, which equates to 0.5% increment over October’s 633,538, and a considerable 32% increase from September’s 479,908 units.
Japan’s loyal customer base has certainly kept its trading activity at a high during November, however a point of interest will be whether GMO Click Securities will be able to onboard new business as a result of its impending rebranding to Z.com after paying $6.8 million to purchase the extremely rare single-letter domain from Nissan Motor Company.