Monex sees global Forex volumes drop 27% MoM in October 2015

Monex Group, Inc. (TYO:8698) has earlier today posted its operating metrics for October 2015, with the numbers pointing to sharp drop in Forex volumes from September 2015, when the results were already subdued, as well as to a steep decrease from exceptionally solid October 2014.

We should, of course, mention that the results Monex reported for October 2015 are broadly in tune with the trend exhibited by the bulk of the Forex industry, which has seen trading activity dwindle last month.

Monex’s global Forex volumes amounted to $28.2 billion, down 27% from the $38.6 billion registered in September 2015 and down massive 46.2% from the $52.4 billion in volumes recoded in October 2014.

Global daily average revenue trades (DARTs) totaled 276,879 in October, down from 313,592 in September 2015.

Monex Inc. – the Japanese subsidiary of Monex Group, saw the number of active OTC Forex accounts fall slightly in monthly terms to 63,322. DARTs amounted to 158,410, down 13.8% from the result reported for September 2015.

TradeStation, the US business of Monex Group, saw DARTs total 119,225 in October 2015, down from September 2015 levels. On the brighter side, the number of active accounts kept rising, reaching 67,883 at the end of last month.


To view the official announcement from Monex on its October operating metrics, click here.

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