Japanese based FX firms continued to see a burst of growth.
After seeing leading Japanese FX broker GMO Click report record volumes in April, now comes word that the mid-size brokers in Japan are also doing well. The Monex Group of Japan has reported that spot FX volumes shot up 91% in April, to average ¥242 billion per day (which works out to about $54 billion in volume for the month). That also seems to be a record for Monex, topping February’s $41 billion for the month.
Monex also owns TradeStation and Interbank FX (IBFX) in the U.S. (For a list of M&A and financing deals in the Forex sector see the LeapRate-Dow Jones Forex Industry Report).