Japanese brokerage Monex Group Jan 2016 consolidated forex trading volume falls 26% y/y, grows 28.5% m/m

Japanese brokerage Monex Group Jan 2016 consolidated forex trading volume falls 26% y/y, grows 28.5% m/m

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Monex Group

Monex Group, a Japanese forex brokerage group, reported on Wednesday its forex trading volume from global operations fell by an annual 26% to $37.9 billion in January 2016. However, compared to the previous month the figure represents an increase of 28.5%.

The broker’s global Daily Average Revenue Trades (DARTs), or the daily number of transactions that generate revenue, stayed flattish on the year at 359,627 per trading day. A month yearlier DARTs amounted to 282,969.

Monex Group operates internationally and consists of a group of companies based in Japan, Asia, North America and Europe. Monex Group

The group presented data about two of its subsidiaries – Monex Inc. (Japan) and TradeStation Group, which is in charge of the group’s operations in North America and Europe. Both companies registered an improvement in their business performance in January, compared to the previous month.

The DARTs of Monex Inc.’s slightly went up on the year to 215,406 per day in the first month of the year. Compared to December 2015, though, there is a growth of 24%. The figures include trades of over-the-counter (OTC) forex, contracts for difference (CFDs), futures and options, stocks, mutual funds, and bullion (gold, silver & platinum).

Monex Inc’s generated an average trade value from OTC forex trading activities of JPY 201.3 billion per business day in January. Compared to a year earlier, the values dropped by 20%, but on a monthly basis the company posted a growth of 56%. Meanwhile, the company’s monthly trade value from stock brokerage was slightly under JPY 1.2 trillion, which is down by 6% on the year and by more than 7% over the month.

The DARTs of TradeStation Group also stayed flattish on the year at 145,099 trades per business day in January. Like Monex Inc., TradeStation Group also posted a monthly increase in DARTs of 32% last month. In this case, DARTs includes the number of revenue generating trades of stocks, futures, options and OTC forex.

Meanwhile, the total number of active trading accounts at the end of January of both Monex Inc. and TradeStation Group remained flattish on the month to 987,953 and 68,419, respectively. For TradeStation Group, this represents a growth of 6% on the year, while no comparative data was provided for Monex Inc.

Monex Group operates under three retail trading brands – Monex, TradeStateion and Boom. The majority, or about 60%, of its revenue comes from operations in Japan and the remaining 40% from operations in the US.

It consists of Japan-based holding company Monex Group Inc. and its Japanese subsidiaries Monex Inc., Monex Ventures, Trade Science Corp., Monex Hambrecht, and Monex-Saison-Vnaguard Investment Partners, which is a joint venture in which the group holds a majority stake. In addition, the group owns TradeStation Group, which is in charge of the operations in North America and Europe, and Monex International, aka Monex Boom Group, which is in charge of the Asian business.

Source: Monex Group

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