Monex Group Volumes Drop During June – Japan Still Dominates

Monex Group has released trading metric data for June. During the month, total global volume was reported at $65.5 billion, a 12.9% decline from May’s results, but 33.7% above the same period last year. Volumes were composed of $37.7 billion from Monex Group Japan and $27.8 billion in its global unit, which consists of Tradestation and IBFX. As seen in the chart below, volumes continue to be led by advancements in Japanese trading. However, after peaking in April, trading at the Monex Group Japan has cooled, as total retail FX accounts in the country have remained around 66,000 for the last three months. The drop in activity contrasts to figures from GMO Click Securities which announced a new record yesterday.

For the first half of 2013, monthly volumes averaged $71.1 billion for the global figures, with a $39.0 billion and $32.1 billion breakdown between Japan and the rest of the world respectively. The Japanese figures represent a 97% increase from the same period in 2012, while the global units experienced a 13% drop in volumes from last year. The decline in volumes at the non-Japanese brands, IBFX and Tradestation, represents that the two units are struggling even as other large brokers have experienced growth and records from last year.