Last month has been generally good for the majority of Japanese brokers with the largest broker by trading volume, GMO Click, reporting its second best performance this year. The rise in trading activity came despite dwindling Japanese yen volatility.
Today another set of Japanese brokers have released their September data with mixed results. While Gaitame has reported trading volumes skyrocketing 30 per cent, Invast reported that the company’s revenues have dipped almost 14 per cent.
Speaking in nominal terms, the figures at Gaitame totaled ¥38.4 trillion ($319.2 billion), while revenues at Invast Securities Japan came out at ¥331 million ($2.75 million).
Looking at additional metrics, the number of client accounts at Gaitame peaked out at 401,289 with client deposits rebounding substantially especially after last month’s 3.6 percent slump to ¥10.8 trillion. September’s figures ticked higher to ¥11 trillion ($91 billion).
In the meantime total amounts deposited as margin collateral at Invast Securities have amounted to ¥7 trillion ($58 billion). The maximum margin which Japanese traders are allowed to use is 1:25 which is promoting them to hold much healthier levels of collateral with their brokers.
Looking ahead, we would expect trading activity in Japan to remain active throughout October as the Bank of Japan is expected to be facing the dilemma of whether to introduce additional monetary stimulus in the near future.