Japanese FX giant MONEX Group has today announced its monthly metrics, displaying a further reduction in daily average revenue trades (DARTs) compared with the previous month, and further contributing toward the continual decline which has progressed each month since the beginning of this year.
DARTs for May across MONEX Group’s entire global operations were 289,075, representing the first time that this figure has dipped below 300,000 for well over a year.
In April 2014, the company achieved 301,205, which was down considerably over the previous month. Indeed, May 2014’s figure is almost half that of May last year, a period during which Japan’s largest brokers experienced record volumes, with compatriot firms DMM Securities and GMO Click Securities having achieved over $1 trillion in monthly volumes.
With those days long gone, OTC FX trading at MONEX Group has tailed off in accordance with the general trend worldwide, declining from 80,087 million Yen in April to 77,293 million Yen in May.