GMO Click Rises in FX Trading in June 

For foreign exchange (forex) volumes, June has historically been a slow month, kicking off the summer lull for trading providers. However, during these unique COVID-19 times, June has seen a resurgence in volumes for many brokers.

GMO Click appears to be no exception to a resurgence in volumes for many brokers. The broker has reported a total over the counter forex margin trading volume of $1.23 trillion for June.

In March of this year, volatility driven by the coronavirus pandemic was at its peak. It was then that the Japanese retail broker saw its trading volumes reach $1.85 trillion. This was a historical record for the broker.

June’s trading volume hasn’t reached what was achieved in March. But the volumes reported today are still higher than April’s volume of $1.06 trillion. This includes May’s trading volume of $903.4 billion, as lessening volatility weighed on volumes.

Besides March, the OTX FX margin trading volume noted last month was the best monthly result since January of 2017. On a yearly comparison, last month’s volume has more than doubled.

June 2019 posted a monthly volume of $544.4 billion. This translates to a growth of 126.5 percent.

GMO Click Reports Solid On-exchange Trading Volumes

Taking a look at on-exchange trading volumes, June has yet again proven to be a good month for GMO Click. The retail broker recorded a monthly volume of $3.4 billion. This represents an increase of 21.4 percent from the $2.8 billion achieved in the previous month.

June’s on-exchange trading volume was the second strongest volume achieved in 2020. It was tied in second place with February and behind March’s record volume of $8.5 billion. Aside from those, it has also increased by 41.7 percent from the $2.4 billion recorded in June 2019.