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Monex Sees Annual Rise in FX Volumes, Accounts, Trades in September

Monex Group, Japan's leading financial conglomerate, today revealed the operating metrics for its securities businesses for September 2013, with the results pointing to robust year-on-year rise in Forex volumes, number of trades and accounts.

 

For openers, Monex saw global Forex volumes hit $47.4 billion last month, an increase of 24% from the reading of $38.3 billion recorded in September 2012. On the gloomier side, the result was down 6.7% from the $50.8 billion in Forex volumes marked in August 2013 . The latter is not surprising, as it conforms with a pattern we've seen over the past several months when it came to the Japanese group.

 

The subsidiaries fared well in terms of daily average revenue trades (DARTs), with Monex Inc registering a massive year-on-year increase of 80% in the number of DARTs in September 2013 against the corresponding month in 2012, at 196,365. The result was also 21% higher than levels seen in August 2013. The value of customers' assets under custody at Monex Inc. added to the good news, showing an year-on-year jump of impressive 55% to JPY 3.13 trillion ($32.2 bn). The strong performance of Monex Inc. was underlined by a 7% annual rise in the count of active accounts, to 875,743.

 

The impressive set of results for last month reflects Monex's efforts from the past months to boost its line-up of services and to improve the overall experience for traders. After joining forces with Tradable in May, to offer the open-code platform to its clients, in August the group announced the launch of MONEX MT4, finally introducing the industry's favorite platform to its customers.

 

For the full press release, click here.

 

About Monex Group Inc.

 

Monex Group Inc is an online securities brokerage providing advanced financial services to individuals and investors. The company is considered a pioneer among Japanese online securities brokers, and its services cover M&A advisory, debt & equity underwriting, asset management focusing on alternative investments, investment education, and other investment banking functions. Monex Group has offices throughout Asia, and the recent acquirement of brokers TradeStation and IBFX opened its way to the US market as well.

 
TAGS: monex  monex group  monex inc  tradestation  monex forex broker  japan forex broker  september forex  september forex operating metrics  forex volumes  forex accounts  forex trades  forex assets 

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