Monex Group, the Japanese financial services firm, has disclosed its results for the month of May 2017, which include those of the company’s subsidiaries Monex Inc. and TradeStation. Overall, Monex reports an increase from the metrics provided in April 2017, but there are several declining results in comparison to May 2016.
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Monex’s Daily Average Revenue Trades (DARTs) increased to 269,782 on a month-on-month basis, compared to the preceding month’s 245,558. There was, however, a year-on-year decrease from May 2016’s result of 274,230. The DARTs include trades that come via Monex Inc’s stocks, over-the-counter (OTC) Forex , futures, mutual funds, options, precious metals, and CFDs in the Tokyo Stock Exchange (TFX).
Forex Trading grew from ¥95,000 billion ($856.61 million) in April 2017 to ¥122,731 billion ($1,109.4 million) this past month, up 29.2 percent. Once again, there was quite a significant decrease on a year-on-year basis, as in May 2016 the firm disclosed a result of ¥142,755 billion ($1,291.6 million) - this is a decline of 16.32 percent.
The DARTs at TradeStation during May 2017 were estimated at 104,339, a growth of 3.78 percent, from April 2017’s 100,543. Year-on-year, there was a noted decrease from the previous May’s 106,400, down 1.9 percent.
Two weeks ago, Finance Magnates reported Monex Group’s consolidated financial results for the month of April 2017. The released report revealed decreases in the company’s revenues both month-on-month and year-on-year. The firm’s year-end dividends for the fiscal year were also in decline.
