Monex postpones launch of TradeStation platform for active traders in Japan

Monex Group, Inc. (TYO:8698), the online trading services provider with operations in the US, Japan and China, has earlier today posted its detailed financial report for the third quarter of the fiscal year to March 31, 2016.

The final results confirm LeapRate’s earlier report showing that the Group registered a net loss in the three months to December 31, 2015, with revenues staging a drop in quarterly terms.

Monex also provided some updates on its operations and future plans for business development. Regarding its Japanese business, the company said it postponed the Japan launch of the trading platform, TradeStation, originally scheduled for this winter. A two-phased launch is now planned for this fiscal year and the first half of the next fiscal year.

The company explains that it spent considerable time on system development for a highly scalable shared platform and that its project team is focusing on preparations for customer service, investment education and marketing for the service launch.

The Japanese segment saw FX revenue down by 25% QoQ in the three months to December 31, 2015in line with a decrease in trading volume in the FX market, Monex said in today’s statement. FX revenues fell in the US too, but the US business overall remained profitable in the third quarter in the face of more challenging environment.


You can view the full financial results report by clicking here.

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