Japan’s evergreen retail FX industry has demonstrated this year that an industry segment this large and dominant is not immune to periods of low volumes, as many firms this year have demonstrated clearly.
GMO Click Securities, one of the nation’s most prominent FX companies, has today released its volume figures for August 2014, which show a considerable increase in trading volume compared to July this year, which was a month in which volumes had been the lowest since 2012.
August’s figure weighs in at 50.7 trillion yen, 22.13% up from July’s FX volume figure of 40.25 trillion yen. This result shows that trading activity at GMO Click Securities is making a recovery from two months of stagnancy, and are heading in the direction of the respectable results achieved at the end of the first quarter of the year, in the light of low volatility worldwide.
Whilst there is still some ground to be covered in order to restore business activity to the levels of one year previous, whereby in August 2013, 78.76 trillion yen was achieved, preceded by over 107 trillion in July that year.
Similarly, exchange-traded FX contracts on Click365 have been extremely popular during August, with 283,205 contracts having been traded in August, which is a 17.73% increase over the 237,065 contracts traded in July this year.
To read the full release, click here.