The second of Japan’s biggest retail brokers (in terms of volumes), DMM Securities, yesterday published its January report. As in the case of GMO Click Securities, which released the report just last week, DMM can boast a really strong upward trend during the first month of 2014. Volumes worth increased by over 55% to $777.1 billion dollars level. This is the highest value since July, when the monthly volumes exceeded 968 billion.
The situation is similar to that from prior year. December’s poor results, a clear improvement in January and achieving record-breaking results within the next six months. Of course, we cannot forget about the declines of yen volatility which reflected a decline in the trading activity – second half of 2013 reports showed decrease in averaged volumes up to 50% from earlier peaks.
The best time for DMM Securities occurred in June when company almost managed to cross the $1 billion dollars in volumes border. In September volumes have shrunk below $500 billion dollars and this trend continued also in November and December.