MONEX's Global FX Trading Volume Jumped Up 27.7% MoM in March

The Monex Group has just released its monthly business metrics disclosure for March 2015, showing a rebound after three straight months of weaker results from the Japan-based global brokerage and its subsidiaries.

The group’s global FX trading volume in March 2015 was $41 billion, a jump of about 27.7% but part of it can be explained by having three extra business days compared with the previous two months. It now seems the volumes are having difficulty climbing higher after peaking at $55.4 billion in November 2014.

The total number of active OTC margin FX accounts at the end of the month of March 2015 was 63,328, just barely up from 63,208 in February. In contrast, the average FX trade value per business day decreased by 2.3% Month-Over-Month to just ¥156,790 million.

Monex also experienced a 4.6% MoM drop in its global Daily Average Revenue Trades (DARTs), meaning the number of trades and transactions per day which generate revenue, reaching only 321,773 per day in March 2015. The DARTs figure is even worse for the group’s FX business dropping by about 4.8% MoM to 196,174.

The results of Monex’s American subsidiary, TradeStation, seem better over the previous month’s figures, except in the number of DARTs which fell by 4.7%.