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Japanese FX giant MONEX Group has today announced its monthly trading metrics for September 2014, which, weighing in at 323,299 daily average revenue trades (DARTs) quite clearly reveals another step in a positive direction which has been experienced by many firms in September this year.
Although MONEX Group has not been subjected to the somewhat extreme lows that have plagued so many firms across the globe so far this year, the last few months have shown figures which have been suboptimal. The company made a relatively buoyant start to the year, albeit a shadow of the halcyon days of summer 2013.
On this basis, global FX volume has made a recovery during in September at MONEX Group, standing at $43.5 billion, a substantial 39% above August 2014‘s total volume which was $29.3 billion, with July and August this year having brought the lowest overall volume figures since the doldrums of 2012.
The most remarkable upturn in fortunes for MONEX Group during September has been its OTC FX trading revenues, which, despite having a similar number of active accounts, have doubled from 64,557 million Yen to 138,568 million Yen, clearly demonstrating that traders are resuming high activity levels once again.
A similar dynamic has become apparent at the company’s US division Tradestation, which despite experiencing a decline in the number of active accounts at a time when the firm’s subsidiaries are moving away from MetaTrader 4 in order to concentrate solely on Tradestation’s own in-house platform, trading activity increased during September from 134,822 DARTs in August to 142,884 DARTs in September.
For the full announcement from MONEX Group, click here.
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