Monex sees global Forex volumes jump 28.5% MoM in January 2016

Online trading services provider Monex Group, Inc. (TYO:8698) has just posted its operating metrics for January 2016, with market volatility obviously helping the company see some robust metrics in the first month of the new year.

Global Forex volumes, that is Forex volumes across all of Monex’s subsidiaries, amounted to $37.9 billion, up 28.5% from the levels seen in December 2015, which was a relatively good month for the company too. The result, however, failed to match the volume of $51 billion registered in January 2015.

DARTs (daily average revenue trades) across Monex subsidiaries amounted to 359,627 in January 2016, markedly up from the December reading of 282,969 and slightly up from the reading of 359,501 registered in January 2015.

Monex Inc, the Japanese subsidiary of Monex Group, saw a steep rise in DARTs in monthly terms, as they totalled 215,406 in January 2016. The number of active OTC FX accounts also staged a small rise, reaching 63,265 at the end of last month.

TradeStation Group, the US business of Monex Group, enjoyed an increase in trading activity in January, with DARTs surging to 145,099 and the number of active accounts reaching 68,419.


You can view the full announcement from Monex by clicking here.

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