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Monex Group, a Japanese forex brokerage group, reported on Friday its daily average revenue trades (DARTs), or the daily number of transactions that generate revenue per business day, from global operations fell in May 2016 to of 274,230, which is the third lowest in its history after 271,240 in October 2012 and 220,157 in July 2011(when the brokerage started publishing such data).
The figure is 8.5% lower than a month earlier and 13.8% below the value recorded in May 2015.
The DARTs of Monex Inc., the group’s Japanese subsidiary, numbered fell by a monthly 11% and an annual 16% to 168,560, also a very low figure but not its lowest, while that of TradeStation Group, which is in charge of Monex group’s operations in North America and Europe, was 106,400, posting a drop of 4.1% on the month and 9.6% over the year.
The forex trade value of Monex Inc. averaged JPY 142.8 billion per day in May, posting a decline over the month of 16%, or an annual drop of 22%. In the stock broking segment, its monthly trade value was nearly JPY 993 billion, falling 19.5% on the month. Year-on-year, the figure is 34%.
Meanhile, the active clients of Monex Inc. Stayed flattish on the month at 998,726, posting an annual growth of 5.5%. Of these, 63,726 were for OTC forex trading. TradeStation Group’s active accounts also stayed flattish over the month at 61,932, which is 7.2% lower than a year earlier. Active accounts indicates the number of accounts (equities, futures, forex, etc.) with a balance of more than $200, or which have traded in the past 6 months as of the end of each month.
Monex Group operates internationally and consists of a group of companies based in Japan, Asia, North America and Europe. 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 did not provide trading metrics about its other subsidiaries.
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