Monex Group today reported its monthly business metrics for May 2016, showing a marked decrease on April’s figures. The Japanese broker, whose Daily Average Revenue Trades (DARTs) had been in decline since January, showed a positive turn last month having reported figures of 299,629, however, today’s figures of 274,230 represent a decrease of 8.5% MoM. The annual comparison also showed a bigger 13.8% drop from the result of 318,237 recorded in May 2015.
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There was a slight increase in accounts at Monex during May 2016, rising to 1,643,568 accounts from 1,639,437 accounts in April 2016, or 0.25% MoM. Looking at Monex’s FX business, the number of over-the-counter (OTC) FX accounts came in at 225,666 up from 224,485 accounts in April 2016 or 0.5% MoM.
In terms of its FX OTC business, Monex reported an average trade value per business day of ¥142,755 billion ($1,312.6 billion) compared with ¥169,830 billion ($1,561.8 billion) in April, representing an decrease of 15.9% MoM.
TradeStation, meanwhile, saw DARTs fall to 106,400 in May compared with 110,929 in April, reflecting a 4% decrease MoM. In terms of account numbers, May figures were 61,932 in compared with 61,819 in April reflecting a 0.18% increase MoM.
Monex Group today reported its monthly business metrics for May 2016, showing a marked decrease on April’s figures. The Japanese broker, whose Daily Average Revenue Trades (DARTs) had been in decline since January, showed a positive turn last month having reported figures of 299,629, however, today’s figures of 274,230 represent a decrease of 8.5% MoM. The annual comparison also showed a bigger 13.8% drop from the result of 318,237 recorded in May 2015.
The new world of online trading, fintech and marketing - register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
There was a slight increase in accounts at Monex during May 2016, rising to 1,643,568 accounts from 1,639,437 accounts in April 2016, or 0.25% MoM. Looking at Monex’s FX business, the number of over-the-counter (OTC) FX accounts came in at 225,666 up from 224,485 accounts in April 2016 or 0.5% MoM.
In terms of its FX OTC business, Monex reported an average trade value per business day of ¥142,755 billion ($1,312.6 billion) compared with ¥169,830 billion ($1,561.8 billion) in April, representing an decrease of 15.9% MoM.
TradeStation, meanwhile, saw DARTs fall to 106,400 in May compared with 110,929 in April, reflecting a 4% decrease MoM. In terms of account numbers, May figures were 61,932 in compared with 61,819 in April reflecting a 0.18% increase MoM.
