Monex Group global forex volumes rise 9.6% MoM to $42.2 billion

Monex Group, Inc. (TYO:8698) today reported monthly business metrics of its subsidiaries for August 2015. This month’s report was the second highest month (January…the month of the SNB spike still records the highest volume YTD) and saw total forex volumes for the group eclipse the $42 billion handle ($42.2 billion) to record a  9.6increase MoM from July’s $38.5 billion.

There was only 21 trading days in August compared to 22 in both June and July. August volumes have been buoyed by volatility in the markets concerning lagging Chinese economic indicators and speculation regarding central banking actions.

As mentioned this was the second highest month in FX volumes for Monex since January’s bullish $51 billion reading, the previous second highest came in June when $42.1 billion was achieved. YoY numbers continue to look better as well when compared to last summer’s low volatility… August 2015 volume was 44% higher than 2014’s $29.3 billion.

One interesting notable from the report was that August saw the number of margin FX trading accounts go over 215,000 in healthy uptrend as active accounts also ticked up.

While FX reported a a great month the overall the Daily Average Revenue Trades (DARTs) for the group were also great – up to over 350,000 in August from all the market volatility, the highest reading in over a year.

Check out more on these stats and metrics in the official report by clicking here.

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