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Screenshot of a breaking news alert e-mail from Q2 2017
Monex Group, Inc. (TYO:8698), the Japan-headquartered group of retail FX brokers, has just announced its operating metrics for March 2015, with global Forex volumes recording a double-digit rise against February 2015. Thus, Monex has joined the raft of online trading companies that seem to have benefited from improved volatility in the FX markets in March.
Let’s take a look at some of the key metrics.
Global Forex volumes amounted to $41 billion in March 2015, marking a rise of 27.7% against the $32.1 billion recorded in February 2015. The result was also better than in March 2014, enjoying a slight increase of 1.23% year on year.
The number of daily average revenue trades (DARTs) across all Monex businesses, however, was down 5% on a monthly basis at 321,773. The annual decline was nearly equal at 6%.
The Japanese business of Monex – Monex Inc, saw the number of active Forex accounts grow slightly in both annual and monthly terms. At the end of March, the company had 63,328 such accounts on record. The business, however, registered a slight decrease in DARTs in monthly terms, accompanied by a steady 23% jump in DARTs in annual terms.
The US business of Monex – TradeStation Group, saw the number of active accounts at 65,764, which means a steep drop from the level seen in March 2014 and a slight increase against the levels seen in February 2015. DARTs fell in both monthly and annual terms, with the annual drop being steeper.
To view the detailed data on Monex’s operating metrics for March 2015, click here.