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Japanese retail electronic trading conglomerate MONEX Group has announced its trading volumes for October, clearly demonstrating a vast increase in global FX volume during October 2014 compared with an already very strong September.
FX trading volumes across the Group’s entire global operations for October amounted to $52.4 billion, which is a remarkable 18.5% increase over September’s $43.5 billion, itself a dramatic improvement over the vast majority of this year, with only January and February having bettered September’s rise from six months of low activity.
As far as OTC FX is concerned, MONEX Group completed October 2014 with having executed 184,775 daily average revenue trades, which is an increase over September’s 180,482, showing that as 2014 draws to a close, volatility and trading activity is returning to the levels of the middle of last year.
MONEX Group’s North American subsidiary TradeStation also made considerable headway in October, having completed 145,640 daily average revenue trades compared with 142,884 in September, whilst holding a very similar amount in terms of client assets to the previous month, further hinting that existing traders were more active in October.
Whilst increases were made across all asset classes in October, it is clear that FX played a very important role in achieving a successful month for MONEX Group.
For the full announcement from MONEX Group, click here.