Money Partners Group sees operating revenue fall in April

Money Partners Group sees operating revenue fall in April

- in All News, Forex Brokers
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Japanese forex brokerage Money Partners Group (TYO:8732) reported that its consolidated operating revenue in April dropped 10.6% from March, to JPY 473 million. Compared to last April it rose by barely 0.6%.

In its release the company notes that in spite the volatility of the USD/JPY pair, the smaller number of business days in April brought a relatively small increase of the trading volume, compared to March. It grew by just 6% and reached 74.4 billion currency units. In comparison, last April it was 80.6 billion currency units. Money Partners notes that unlike other forex brokers who convert the trading volume currencies into yen, they do not, hence the “currency units” measuring unit.

The number of customer accounts continued its slow rise from the beginning of the year and reached 276 891 as of the end of the month, up 0.5% from March and 7.2% from April 2015. Money Partners’ clients had margin deposits amounting to JPY 59.4 billion. This is 0.6% less than in March and 21.5% more than last April. The customer margin deposits include those of the broker’s institutional clients. They amount to JPY10.6 billion and decreased by JPY 784 million over the month.

In the beginning of April Money Partners Group reported that its preliminary consolidated operating revenue increased by an annual 5.9% to about JPY 1.7 billion in the first quarter of 2016.

Another major Japanese forex broker – Monex – reported a 20% increase of its April trading volume, while Rakuten Securities reported a 19.4% rise for Q1 2016 from the previous quarter.

GMO Click Holdings, the largest Japanese forex brokerage group, saw the April trading volume of its subsidiaries, GMO Click Securities and FX Prime plunge to the lowest since the beginning of 2016.

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