Monex Group, a Japanese forex brokerage group, reported on Monday its operating revenue stood at JPY 3.7 billion in July 2016. The figure represents a drop of 11.9% from the previous month and 28% if compared on an annual basis.
The broker had JPY 304 million in financial expenses last month, which is the lowest so far this financial year (started April 2016). In comparison, its expenses were JPY 359 million in June and JPY 447 in July 2015.
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.