Monex FX Trading Volumes Jump 22.4% in June as DARTs Weaken

Friday, 03/07/2015 | 05:57 GMT by Avi Mizrahi
  • Other FX trading metrics were also somewhat increased for the Monex Group in June 2015.
Monex FX Trading Volumes Jump 22.4% in June as DARTs Weaken

Monex Group reported today its business metrics for the month ending June 2015, showing an impressive comeback for its FX volumes. The monthly trading value for all subsidiaries of Monex Group Inc totaled $42.1 billion in June, up 22.4% from $34.4 billion in May.

This total FX volumes figure is the highest since February 2015 when the number crashed to just $32.1 billion, and put Monex half way towards January 2015's $51 billion. At least a part of the Month-on-Month rise in the total FX figure for the Monex Group can be explained by the fact that June had 22 trading days in Japan, compared with only 18 trading days due to Japanese holidays in May.

Other FX trading metrics were also increased somewhat for the Monex Group in June 2015. The total number of over-the-counter(OTC) FX accounts reached 212,705, up from 211,356 in May 2015. The number of active accounts in OTC FX accounts climbed slightly to 63,622 in June from 63,535 the previous month. The average trade value per business day for Monex Group in June 2015 was 192,542 million yen, up from 182,927 million yen MoM.

In contrast to the FX volumes, the Daily Average Revenue Trades (DARTs) for the Monex Group were weakened in June 2015, down 4.5% to just 304,013 from 318,250 in May 2015.

Some business metrics for the TradeStation Group were also reported by Monex today. The number of active TradeStation accounts at the end of June stood at 67,037, up from 66,758 accounts in May 2015. However, the figure for total client assets for the TradeStation Group reached only $4.014 billion, a minor slide down from $4.068 billion in May 2015.

Monex Group reported today its business metrics for the month ending June 2015, showing an impressive comeback for its FX volumes. The monthly trading value for all subsidiaries of Monex Group Inc totaled $42.1 billion in June, up 22.4% from $34.4 billion in May.

This total FX volumes figure is the highest since February 2015 when the number crashed to just $32.1 billion, and put Monex half way towards January 2015's $51 billion. At least a part of the Month-on-Month rise in the total FX figure for the Monex Group can be explained by the fact that June had 22 trading days in Japan, compared with only 18 trading days due to Japanese holidays in May.

Other FX trading metrics were also increased somewhat for the Monex Group in June 2015. The total number of over-the-counter(OTC) FX accounts reached 212,705, up from 211,356 in May 2015. The number of active accounts in OTC FX accounts climbed slightly to 63,622 in June from 63,535 the previous month. The average trade value per business day for Monex Group in June 2015 was 192,542 million yen, up from 182,927 million yen MoM.

In contrast to the FX volumes, the Daily Average Revenue Trades (DARTs) for the Monex Group were weakened in June 2015, down 4.5% to just 304,013 from 318,250 in May 2015.

Some business metrics for the TradeStation Group were also reported by Monex today. The number of active TradeStation accounts at the end of June stood at 67,037, up from 66,758 accounts in May 2015. However, the figure for total client assets for the TradeStation Group reached only $4.014 billion, a minor slide down from $4.068 billion in May 2015.

About the Author: Avi Mizrahi
Avi Mizrahi
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