Japanese forex brokerage group GMO Click Holdings continues to see its financial performance worsening. In November 2015, its operating revenue fell to slightly over JPY 2 billion, which is the lowest amount since the beginning of the current fiscal year, ending 31 March, 2016, the group said on Friday. The figure represents a decline of 7.5% from the previous month.
The group said earlier this month the over-the-counter (OTC) forex trading volumes in November of its subsidiaries GMO CLICK Securities and FX PRIME by GMO fell by a monthly 22% to JPY 67.4 trillion and by a monthly 21% to JPY 4.5 trillion, respectively.
Also on Friday, the broker’s peer Invast Securities said it also saw its lowest monthly operating revenue for 2015 of JPY 244 million in November.
Neither of the companies explained their worsened financial performances.
Meanwhile, the Financial Futures Association of Japan (FFAJ) said on Monday the combined trading volume of over-the-counter (OTC) margin forex brokers active in the country hit in November its lowest this year, or JPY 300.7 trillion.
GMO Click Holdings, set up in 2012, consists of the companies GMO CLICK Securities, FX PRIME by GMO Corp, GMO-Z.com Forex HK, GMO-Z.com Bullion HK, and GMO-Z.com Trade UK. Z.com Trade is GMO Click Group’s financial brand name.
Source: GMO Click Holdings
