Monex’s August DARTs, forex trades value slide further, YoY, MoM

Monex’s August DARTs, forex trades value slide further, YoY, MoM


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The Japanese brokerage Monex Group (TYO:8698) saw a further decline in its August overall Daily Average Revenue Trades (DARTs) and the forex over-the-counter (OTC) average value of trades per business day for a second month in a row, after a relatively good performance in June.

In August the former stood at 140 419, which is nearly 22% less than in July, while the latter was JPY 85.4 billion. SMN’s calculations show that this is a 37% decline from July. Both the DARTs and the average daily value are the weakest since the beginning of the year. When compared to last August, the decline of both metrics is even more drastic. The DARTs dropped 34% and the average daily value of trades slumped 51.3%.

At the same time, in August both the total number of OTC forex accounts and the number of active accounts continued to slowly inch upwards and rose by 573 to 228 697 and by 118 to 64 775, respectively.

The global situation of Monex Group, including all its subsidiaries (stock brokerage, futures and options, OTC FX, mutual funds, TFX-CFD and bullion (gold, silver & platinum)) was not very rosy either. The total sum traded on the group’s stock brokerage was JPY 955 billion, or 21% less than in July.

TradeStation Group, which transferred its OTC forex accounts in Australia and the US to Oanda in March, but started operations in Japan, also saw a decline in its DARTs. In August they stood at 91 241, or 6.2% less than in July. The number of active accounts also decreased – by 266.

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.

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