Our first peek at July forex trading volumes looks good. Leading Japan retail forex broker GMO Click has announced that July forex volumes totaled ¥107.2 trillion, or $1.07 trillion during the month. That's basically flat as compared to June's ¥106.2 trillion, when GMO topped the $1 trillion dollar mark for the first time. While we…
Read moreJapan's Forex sector is on fire, driving record trading volumes and financial results for forex brokers. Monex Group of Japan, a mid-size Japanese forex broker which also owns TradeStation and IBFX in the US, reported Q2 results today which, as expected, showed healthy gains across the board in revenues, net profit, and client assets. Monex…
Read moreAs larger rival GMO Click continues to set records, Monex volumes are down 23% from April levels. In Japan, it seems as though the large are getting larger, while the small are struggling in the forex industry. Retail forex broker Monex has reported its June volumes, and they are down 14% from May, which in…
Read moreForex industry trading volumes continue to soar in Japan, as Yen and Nikkei volatility continues. The financial market turmoil in Japan during June has served the retail forex brokers quite well. With the USDJPY pair bouncing from 100, down to 94, and then back to near 100 iby the end of June, and the Nikkei stock…
Read moreLeverate Japan office head Kazuo Anzai was previously CEO at Alpari Japan and Chief Compliance Officer at CMS Japan. FX Platform provider Leverate has announced the opening of a new office in Tokyo, Japan, to be headed by Kazuo Anzai. Anzai was previously the CEO of Alpari Japan, and the CCO of CMS Japan. Japan…
Read moreBut in perspective, May's dip to $48 billion comes after Monex had its best-ever month in April. Mid-size Japanese retail forex broker Monex Group reported that its May FX volumes dropped by 11%, to ¥216 billion per day (which works out to about $48 billion in volume for the month). Monex had its best-ever month in…
Read moreJapan Retail FX market continues to be red hot. With the Japanese Yen finally crossing through the USDJPY 100 barrier during May for the first time in more than four years, Japan's Retail FX sector continues to generate record trading volumes, and record interest among Japanese retail FX traders. The proof? GMO Click, Japan's largest…
Read moreYen volatility continues to increase with record setting volume numbers. The Tokyo Financial exchange has reported that Total Click 365 FX trading volume jumped over 39% in April to 6,963,833 units. Year-to-date volume is up now up over 30% from last year. Numbers across the board for Yen trading pairs are up with the CHF/JPY…
Read moreOanda's new CMO comes from outside the FX industry. Oanda, one of the world's leading online FX firms, announced the addition of two new outside hires to its senior management team. Oanda has been rebuilding its management ranks since K Duker took over as CEO last May from Oanda founder Michael Stumm. Oanda also saw…
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…
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