Monex Group’s global DARTs stay low in Jan 2017

Monex Group’s global DARTs stay low in Jan 2017

- in All News, Featured News, Forex Brokers
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Japanese forex brokerage Monex Group reported on Friday a consolidated daily average revenue trades (DARTs) from global operations of 273,641 in January 2017. The figure represents a slight increase of 1.6% from the preceding month and a drop of 23.9% over the year.

January’s DARTs were the fifth lowest after August, September, October and December last year ever since January 2014 when the broker started publishing such data.

Monex Group global darts Jan 2017

The holding company also provided trading metrics for Monex Inc. and TradeStation Group, two of its main subsidiaries. TradeStation Group, which is in charge of the group’s operations in North America and Europe, also saw its January DARTs grow 7.2% on the month to 95,505, but posted an annual drop of 34.2%. Meanwhile, Monex Inc., the group’s main Japanese unit, reported for January a slight monthly growth in DARTs of 1.2% to 179,379 and a decline of 16.7% year-on-year.

At the end of last month, over-the-counter (OTC) forex accounts opened with Monex Inc. totaled 234,426 and active ones were 66,058, while TradeStateion Group’s active OTC forex accounts were 62,045. While active accounts in the Japanese market went up on the month and down over the year, in North America and Europe they increased from the preceding month and declined on an annual basis.

Monex units Jan 2017

Monex Group operates internationally and consists of a group of companies based in Japan, Asia, North America and Europe. It 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.

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