Monex’ June DARTs are back on the rise

Monex’ June DARTs are back on the rise

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The Japanese forex broker Monex Group  (TYO:8698)  reported a 7% monthly increase in the total number of its June daily average revenue trades (DARTs), reaching 293 426 per day. The rise comes after in May the DARTs dropped to 274 230 – its third all-time lowest after 271 240 in October 2012 and 220 157 in July 2011(when the brokerage started publishing such data).

By the end of June the forex broker had 1,649,847 of total accounts, of which 1,002,251 were active. 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. The number of the active accounts has been growing slowly, but steadily since the beginning of the year. The number of margin accounts rose by just 42 to 106 271, but the active margin accounts were 50 191 – 85 less than in May.

The total of customer assets Monex held were a little over JPY 3.3 trillion.

At the same time the number of over-the-counter (OTC) forex accounts continues its upward trend and in June was 227 043, up 0.6% from May. So does the number of active forex accounts, which was 64 300.

Overall, Monex’ OTC forex clients traded an average of almost JPY 150 billion and made an average of 185 166 trades (DARTs) per day.

The number of DARTS Monex’ subsidiary TradeStation group, whose OTC forex accounts were transferred to to OANDA Corporation and OANDA Australia in March, was 109 117 per day. Those are the number of revenue generating trades in a securities company and FX companies under TradeStation Group.

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, TradeStation 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.

In May the Group’s operating revenue dropped 5.3% from April.

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