Monex registers 13% MoM drop in global Forex volumes in April


Monex Group, Inc. (TYO:8698), the international group of retail FX brokers, has earlier today reported its operating metrics for April 2015, with the results displaying a pattern we have seen already at other retail FX brokers – trading volumes are down on a monthly basis and up in annual terms.

Monex Group recorded global Forex volumes of $35.6 billion in April 2015, a number that is 13.17% lower than the $41 million in volumes seen in March 2015. In annual terms the picture was brighter, as the result recorded in April 2015 was 7% higher than the $33.3 billion figure recorded in April 2014.

Daily average revenue trades (DARTs) followed the same pattern – across all subsidiaries of Monex Group, DARTs were down 1% in monthly terms to 318,116, whereas they were up 6% against levels seen in April 2014.

Let’s look at the performance of two of Monex Group’s key businesses: Monex Inc, which is the Japanese FX business of the group, and US business TradeStation.

Monex Inc registered a slight drop (of 1%) in DARTs compared to March 2015 levels. In April 2015, these stood at 194,777. Average trade value per day also registered a monthly decline – it was down 2% at JPY 153.8 billion ($1.28bn). The number of active accounts was slightly up.

TradeStation also saw the number of client accounts grow marginally against March levels – it totaled 66,250 in April 2015. DARTs fell 2% from March to 123,376.

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Monex registers 13% MoM drop in global Forex volumes in April

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