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Monex Group Records Surge in Forex Volumes Y/Y in August

Monex Group, Japan's financial conglomerate, today revealed operational metrics for its securities businesses for August 2013, with the figures pointing to robust growth in FX volumes and trades.
 
Global FX volumes at the group for last month reached massive $50.8 billion, marking a steep rise of 33% from the $38.2 billion recorded in the same month in 2012. Adding to the positive news, the daily average revenue trades (DARTS) in global scale amounted to 335,284, which is remarkable 30.5% higher than the 256,927 recorded in August 2012. 
 
Unfortunately, monthly comparisons show a less rosy picture for Monex: global forex volumes declined by 7.5% from July 2013, and DARTs were down by whole 15%. 
 
You've perhaps noticed some resemblance in the pattern of results with the one displayed by major brokerage Interactive Brokers: the August operational metrics for the US company also showed improvement on an annual basis and more humble results on a monthly basis. We're blaming the differences between monthly and annual comparisons on seasonal factors.
 
Let's say something about the performance across Monex Group's divisions. The number of active Forex accounts at Monex Inc, the group's securities unit, grew by 19.24% year-on-year to 65,242. We expect more great news from this company, as it recently introduced the popular MetaTrader 4 (MT4) trading platform. TradeStation, the broker that Monex acquired in the summer of 2011, also delivered some good performance, as the amount of client assets under its custody rose by 23% year-on-year to $2.7 billion, and by more modest 0.6% from the levels seen in July.
 
As you can see for yourselves, Monex Group Inc. had a pretty strong month: one of the oldest FX markets in the world still rocks.
 
You can find the full press release 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 group  monex inc  monex forex  monex japan  tradestation  monex operational performance  forex metrics august 2013  forex volumes  forex accounts  assets under custody  darts 
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