Monex’s December volume declines, stays at annual average

Monex’s December volume declines, stays at annual average

- in All News, Featured News, Forex Brokers
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The Japanese brokerage Monex Group (TYO:8698) saw its December Daily Average Revenue Trades (DARTs) and the forex over-the-counter (OTC) average value of trades per business day decline from the previous month, but still around the annual average.

The company data shows that the DARTs in December were 181,477 – 10.8% less than in November, while the average daily value of OTC forex trades stood at JPY 140.7 billion. This is a significant decline of 34.1% from November.

The total number of OTC forex accounts – both total and active, continues to rise slowly, but steadily, to reach 233,779 and 66,234, respectively.

TradeStation Group, another forex subsidiary of Monex, reported 89,059 DARTs, which is a 15.5% decline from November.

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.

Moex is among the major Japanese forex brokerages. Its competitor GMO Click Securities and FX Prime posted strong December volumes, even though they also decline in comparison to November.

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