February has become a month of declining volumes for Japan’s retail FX sector, following a remarkable start to 2015.
Total volumes at GMO Click for February 2015 weighed in at $962 billion (¥113 trillion) compared to the $1.2 trillion (¥142 trillion) reported in January, a milestone month for GMO Click, as it set a record for monthly volume for any retail FX brokerage since the establishment of the retail FX industry.
This contraction in volumes echoes the performance in February of compatriot MONEX Group, whose global FX volumes declined by 37% compared with the strong performance experienced in January.
GMO Click has begun to seek expansion away from the notoriously domestic market orientated Japanese FX sector, having taken its Z.com brand to London this week, a pioneering move for a Japanese company, thus bolstering its dominance as a major force among retail brokerages.
For the official announcement from GMO Click, press here.