Established broker GMO Click has reported on its trading metrics for December and final month of 2019 has yet again proven to be fruitful with GMO Click, the retail brokerage unit of the Japanese IT giant GMO Internet, publishing an uptick in trading on a monthly comparison.
The foreign exchange (forex) over the counter (OTC) volumes were provided to Finance Magnates from GMO Click itself. In December, the retail broker reported a total volume of $486.8 billion for OTC FX trading.
When measuring this against November’s weak trading volume of $465.2 billion, December has achieved a 4.6 per cent month-on-month gain. However, although trading might be up on a monthly comparison, that doesn’t mean that the broker reported solid volumes for the month.
This is a good sign for the market, but it will be important to see metrics from other brokers, such as GAIN Capital, who have also recently struggled with reduced trading volumes from retail operations.