Japan's retail Forex brokers are having a hard time duplicating January and February's great start to the year. Monex Group, a mid-size Japanese retail FX broker, announced that March volumes came in at ¥126,613 million per day (about $30 billion in monthly volume), down about 28% from February's $41 billion in monthly volume. Still, one of…
Read moreGMO Click did $694 billion of spot FX volume in March, down 17% from record February volumes. FX volumes continued to be strong during March in Japan, as the global risk-on trade combined with local "Abe-nomics" to keep retail traders interested in the currency markets. However volumes were down somewhat from February. Japan's largest retail…
Read moreGMO Click did $845 billion of spot FX volume in February, an all-time record for a retail FX brokerage firm. It has been just a few weeks since we reported that GMO Click Securities reported record volumes for any month in its history, with ¥68 trillion (or $756 billion) transacted by its clients during January. Well,…
Read moreGMO Click Securities reports FX volumes 2.5x what they were last December. As we predicted a few weeks ago, December FX volumes are looking unseasonably warm in Japan, as Yen volatility surrounding the intentions of the new Japanese government has brought traders back to the table. As is evident from the chart above, trading volumes…
Read moreNew Government's policy of currency devaluation bringing back traders. In our discussions with Japanese retail FX brokers over the past few weeks, it seems that they are seeing a healthy increase in domestic trading, mainly around the USDJPY pair. Japan's new government, led by Prime Minister Shinzo Abe, has made strengthening Japan's economy by (in part)…
Read moreGaitame only doing about $30 billion of monthly volume / $28M annualized revenue. Swiss-exchange listed Compagnie Financière Tradition SA (or "Tradition"), controlled by France's Viel & Cie, owns 49.5% of Gaitame, one of the largest Japanese Forex firms. In its 2012 first half results release, Tradition reported that revenue at Gaitame fell by 4% in…
Read moreGaitame only doing about $30 billion of monthly volume / $28M annualized revenue.
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