Japanese retail FX giant MONEX Group has today announced trading volumes for the month of December 2014, showing that the company completed the year on a high note.
MONEX Group’s global FX volume for December was $53.9 billion, which although a very minor reduction from November’s stellar $55.4 billion, which is, with the exception of November, higher than any other monthly period that MONEX Group has recorded since the high volatility which many brokers experienced in mid-2013.
On this basis, the natural slowdown in volumes across the global FX industry during December did very little to affect MONEX Group’s results for the month. Indeed, whilst Japan’s FX industry is far less of a subject of seasonal considerations during December than many other regions, the firm’s North American subsidiaries also contributed to the strong performance in December.
OTC FX trading during December was particularly buoyant at MONEX Group, with the company having 63,052 active trading accounts in December, which is a fraction down from November’s 63,085 accounts, but is the highest number of active accounts that the company has experienced since December 2013.
On a daily basis, trading activity was continual and strong, with December having brought MONEX Group 336,911 daily average revenue trades (DARTs), which although not as high as November’s 346,714 DARTs, is the highest since March 2014, showing a good recovery from the low volatility that blighted the global FX industry during the majority of 2014.
MONEX Group’s US subsidiary Tradestation made remarkable headway during December, clearly demonstrating that the US market is recovering from the low points of the summer, with seasonal holidays having had very little effect on December’s figures.
For the official announcement from MONEX Group, click here.