LeapRate Exclusive… LeapRate has learned via regulatory filings that Hirose Financial UK Ltd., the FCA regulated arm of Japanese retail forex brokerage group Hirose Tusyo Inc (TYO:7185), saw its Revenues tumble 36% in Fiscal 2018 (year ended March 31, 2018) to just £317,000, down from £496,000 last year. That follows a 47% revenue decline last year in…
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Swiss interdealer broker Compagnie Financière Tradition SA (SWX:CFT) has reported preliminary summary results for Q3 2017, indicating continued weakness in its Japan Retail FX business, Gaitame.com. Overall, in the third quarter, consolidated revenue at Tradition was CHF 189.4 million (USD $190 million), compared with CHF 187.5 million in the same period in 2016, representing an…
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LeapRate Exclusive… Even for the largest global retail forex brokers, breaking into the coveted UK online trading market isn't easy. LeapRate has learned via regulatory filings that GMO-Z.com Trade UK Limited, the FCA regulated brokerage arm of Japanese retail forex giant GMO Click Holdings Inc (TYO:7177), posted a £1.8 million (USD $2.3 million) net loss for Fiscal 2017,…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Hirose Financial UK Ltd., the FCA regulated arm of Japanese retail forex brokerage group Hirose Tusyo Inc (TYO:7185), saw its Revenues tumble by 47% in Fiscal 2017 (year ended March 31, 2017) to just £496,000, down from £928,000 last year. Hirose UK also reported a net loss…
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Japanese online trading company Monex Group Inc. (TYO:8698) has reported its monthly business metrics for the month of February 2017, indicating a general decrease in activity from January. Overall at Monex, the number of Daily Average Revenue Trades (DARTs – the number of trades and transactions per day which generate revenue) was 262,809 in February –…
Read moreLeapRate has learned via filings made with UK regulatory authorities that Hirose Financial UK Ltd., the FCA regulated arm of Japanese retail forex brokerage group Hirose Tusyo Inc (TYO:7185), saw a doubling of its revenues in fiscal 2016. For the year ended March 31, 2016, Revenues at Hirose UK came in at £928,000, up 126% from…
Read moreJapanese forex broker Monex Group, Inc. (TYO:8698) has just published its key operating metrics for August 2016 and its Global daily average revenue trades (DARTs) were down 16% from July levels, coming in at 231,108. DARTs for Monex's TradeStation Group were down 6% MoM to 91,241. The greatest trading decline at Monex during August was in its OTC FX…
Read moreJapanese retail forex broker Monex Group, Inc. (TYO:8698) has released a statement indicating that it experienced no material negative financial impact from last week's Swiss Franc volatility. Monex did experience some clients with negative equity balances, but those totaled just 0.2% of the firm's assets, or about ¥160 million (USD $1.4 million) of negative balances. The…
Read moreJapanese customers of the company can have full trust in its ability to protect clients’ interests About a year and a half ago a regional Japanese regulator – the Kanto Local Finance Bureau’s whose jurisdiction is in central Japan, has issued a Business Improvement Order against FXCM Japan Securities Co. The company was mandated to…
Read morePlatform features are fully available for Japanese retail investors with a downloadable version The Japanese subsidiary of Monex Group, Inc. has released a press release announcing the launch of its own TradeStation platform for Japanese retail investors. Up until now it was available only to their clients of US based TradeStation Securities and TradeStation Technologies…
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