Monex Establishes New Money Management Subsidiary as Operating Revenues Rise

Japanese brokerage Monex just released its monthly consolidated financial results, showing an increase in revenues both month-on-month and year-on-year. The JASDAQ listed company also added two new senior executives to its team, with Nozomi Takasaki and Atsushi Iida joining the firm, each in their own management oriented roles.

The company also announced the establishment of a new subsidiary which will be focusing on the development of new products that are oriented towards the money management space. The hire of Mr Atsushi Iida is part of the company's effort in this new direction, which has lately become increasingly popular amongst brokers.

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In May 2017, the operating revenue of Monex increased from ¥3.55 billion ($31.9 million) in April 2017 to ¥3.93 billion ($35.3 million). The figure is up 10.7 percent on a month-on-month basis. The number is also higher by 8.68 percent on a year-on-year basis, with the operational revenue increasing from a base of ¥3.61 billion ($32.5 million) as reported in May 2016.

Money Management Subsidiary

The first new hire which the company announced today is Nozomi Takasaki, who is joining the company as a new Senior Executive Officer, effective from June 24th 2017.

Starting in July, the Japanese brokerage is establishing the Monex Zero subsidiary. This office will be led by Atsushi Ida, who will serve as General Manager of the new venture.

Last week, Finance Magnates reported on the results of Monex Group’s Global Investor Survey, which showed new trends in retail investor sentiment. Amongst a number of findings, the report revealed that the percentage of retail traders that are investing in Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term such as Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term is as low as 3 percent.

Despite the rapidly increasing interest in trading cryptocurrencies, the product is still far from mainstream for investors. Notably, the region where cryptocurrency traders were the most active was Asia, with respondents from the Chinese subsidiary of Monex proving to be the most keen on trading cryptocurrencies.