MONEX reports steady revenue figures for February, just 1.8% down from January


Monex Group, Inc.(TYO:8698) has today announced its consolidated financial results for February 2015, with operating revenue after financial expenses weighing in at a healthy 3.8 billion Yen, just 1.8% down from January’s 3.9 billion Yen.

This represents a steady month, especially when considering that January’s trading figures for many FX firms and trading venues were high, followed by a tailing off acrsos the entire industry during February.

Conversely, January did not herald such a spike for Monex, whose revenues decreased in January by 10% over December 2014.

Monex Group has enjoyed more than a degree of stability since the high periods of summer 2013, with February’s revenues coming in as higher than those of the industry’s boom time in June 2013.

The company has undergone a degree of restructuring since then, however, with all of its overseas MetaTrader 4 clients having been transferred to FXCM Inc (NYSE:FXCM) whilst the firm concentrates on its proprietary platform TradeStation in North America, and followed shortly afterwards by the discontinuance of the MetaTrader 4 platform for its Japanese domestic market clients.

This has thus far had little effect on expenses, as an important consideration is that maintaining a proprietary platform, with inhouse development and support, is costly in the same way that MetaTrader licenses carry expenses for firms.

In terms of the firm’s beginning to 2015, an even keel is most certainly evident.

Capture

 

For the official results from Monex Group, click here.

Related News

arrow

MONEX reports steady revenue figures for February, just 1.8% down from January

12

Send this to a friend