GMO Click Reports 7.5% MoM Decline in FX Volumes in August 2021

Japanese retail broker GMO Click recently posted its financials for the month of August, showing a slip in foreign exchange volumes.

82.1 trillion yen worth of foreign exchange was traded last month on FX Neo, a spot forex trading platform of the Japanese broker, dropped by 7.5 percent compared with July's 88.8 billion yen. This represents a drop from 120.3 trillion yen against the same period in 2020.

In particular, the broker achieved 3,348‬ new FX Neo accounts last month, bringing the total number of accounts to 723,802.

Although lower on a monthly comparison, the demand on the daily FX futures exchange, Click 365, has grown by 25.2 percent on a yearly scale. It closed the month with 620,259 Click 365 accounts.

Unlike forex, the demand for stocks last month surged by 3.7 percent on a MoM basis, but this interest declined from August 2020.