Volumes will only pick up when we see volatility in the Japanese Yen return The well-known personality of Mrs. Watanabe as the housewife who sits at home and trades the forex market might be turning to other assets to realize gains following the reduction in volatility of JPY pairs. Japanese forex brokerages had reported earlier…
Read moreAfter revenues drop 27% in Q3 at Monex, things are even slower in October. Monex Group of Japan, a mid-size Japanese forex broker which also owns TradeStation and IBFX in the US, reported October average daily forex trading volumes of ¥99.856 billion, down 25% from September. The ¥99.856 billion figure translates into total monthly volumes of $22…
Read moreThe cause? Falling trading volumes in July-August-September at the Japanese forex broker. Monex Group of Japan (TYO:8698), a mid-size Japanese forex broker which also owns TradeStation and IBFX in the US, reported Q2-2014 results today (Monex's fiscal year ends March 31) which, as expected, showed a sharp drop in both revenues and profits. In the…
Read moreMonex Indonesia had previously received a CySEC license, but apparently decided to launch in the UK instead. Not to be confused with Japanese forex broker Monex Group (which also owns US-based IBFX and TradeStation), Monex Indonesia has set up a UK subsidiary -- Monex Capital -- gained an FCA license, hired a team of ex-CMC…
Read moreFourth month in a row of volume decreases for Monex, after a fast start to the year. It is probably just a summer slowdown, similar to the 27% decline in August volumes seen at GMO Click, but a fourth consecutive month of volume declines at Monex Group are potentially worrying. The mid-sized Japan forex…
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