Monex Reports 20% Forex Volumes Rise MoM in October, DARTs Slightly Up

Monex Group Inc, the Tokyo-based brokerage, today reported trading volumes and metrics for October 2014.

The broker transacted $52.4 billion in Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term transactions during the past month and has continued the slew of positive volumes announcements from various trading venues in both Japan and elsewhere.

The number of DARTs (Daily Average Revenue Trades) rose from 323,299 in September to 330,208 in October (2.1% increase). In the same month last year, Monex reported 340,217 DARTs – a year-on-year decline of 3%.

Monex forex trading volumes in October rose 20% compared to September, an industry-wide bumper month that took the FX market out of the summer doldrums. From a year-on-year perspective, Monex recorded a 28% rise in October.

Following a doubling in 'average daily trade value' in the month of September, Monex reported a further 40% increase in October, from ¥138,568 million (~$1.2 billion) to ¥191,618 million (~$1.6 billion). Interest in various FX pairs such USD/JPY, EUR/JPY and AUD/JPY has been particularly elevated since September due to macro-economic factors that have helped forex volatility to spike higher.

TradeStation

Last month, Monex's US-based subsidiary, IBFX, unveiled a new FX product aimed at professional and high-net-worth individuals - dubbed TradeStation Ifx. Ifx will deliver institutional investors the vast set of advanced TradeStation features, while providing institutional levels of bank and non-bank market Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.

In today's trading metrics announcement, Monex reported 450 new active accounts and a 2% increase in Daily Average Revenue Trades (DARTs) from 142,884 per day to 145,670 per day.

As Forex Magnates reported in early September, the broker terminated its MT4 services at the end of October and shifted its focus and backing behind Tradable’s platform.