Japanese online trading company Monex Group Inc. (TYO:8698) has reported its monthly business metrics of its subsidiaries in April 2017 and the results don’t look so good.
The number of Daily Average Revenue Trades (DARTs – the number of trades and transactions per day which generate revenue) was 245,558 in April – down 4.72% from March.
In Monex’s OTC FX business, average trade value per business day was ¥95,000 billion. The numbers obviously continue dropping – in March the plunge was down with 30.2% to ¥108,692 billion.
The number of active FX accounts was also down to 64,943 in April.
To see the complete Monex disclosure report for April 2017, click here.