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Japanese forex broker Monex reports 46% fall in trading volumes in October

Nov 11 2015
By
Forexbrokerz.com
Japanese forex brokerage Monex Group generated a forex trading volume from global operations of USD 28.2 billion in October, which represents a fall of 46.2%, compared to the same period a year earlier, and a drop of nearly 27% compared to the previous month, the group said last week. Its consolidated average number of daily revenue trades also went down to 276,879 per business day in October. 
 
The trading performance of Monex Group’s subsidiaries Monex Inc, in charge of the group’s operations in Japan, and TradeStation Group, which is in charge of the North American and European markets, also worsened in October 2015, compared to the same month in the previous year.  
 
Monex Inc, which offers both forex and stock trading services, had 975,102 active accounts in total last month, of which 63,322 were forex accounts.  The broker‘s average forex trade value per business day in October dropped by 37% both on the year and over the month. 
 
Meanwhile, TradeStation Group’s daily average revenue trades went down 18% on the year, while its total active accounts increased by an annual 7.8%.
 
Details about the trading performance of Monex Group and its subsidiaries for October follow: 
 
  DARTs*
(per business day) October 2015
DARTs*
(per business day) October 2014
FX Volume October 2015 FX Volume October 2014 Average trade value per business day October 2015 Average trade value per business day October 2014 Total active accounts October 2015 Total active forex accounts October 2015
                 
Group's global 276,879 330,208 $28.2 bln $52.4 bln        
                 
Monex Inc 158,410 184,775     CNY 120.6 tln CNY 191.6 tln 217,235 63,322
                 
TradeStation Group 119,225 145,670         67,883  
 
*DARTs = Daily Average Revenue Trades

 

TAGS: monex  monex group  trading volumes  japan  japanese forex broker 

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