Monex Group Posts Q2 2013 Figures - Strong Income and Revenue Growth

Japanese Monex has posted Q2 figures today for both its Monex Group and Monex Inc subsidiary. At Monex Group, for the quarter, ended June 30th, Operating Revenue grew to $168.08M (¥16.8B). In yen terms, the figures were 107% above the same period last year and a 30.3% QoQ increase. Net Income during the period was reported at $51.03M (¥5.1B). The figures compare to ¥2.362B in Q1 and ¥171M in the same period last year.

At Monex Inc, on a yen basis, Operating Revenues rose 139.9% to $125.55M (¥12.525B) from $52.34M (¥5221), last year. Net Income grew to $37.7M (¥3.761B) from $7.36M (¥734M) in 2012. Revenues were paced a greater than 4X increase in Stock and ETFs commissions, due to a surge in trading volumes as the Nikkei 225 has risen to multi year highs this year. The quarter was also helped by a spike in stock Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term at the end of May. Net assets at Monex Inc rose to $5.27B (¥525.7B).