April 03, 2014 BY Gerald Segal

Monex sees March volumes drop 8% to $40B, gets new major shareholder

As Monex's FX trading volumes continue to dwindle, regional bank Shizuoka Bank buys Orix Corp's 20% stake in Monex for ¥24.4B ($237M). At a time when its FX trading volumes continue to fall (see chart below), mid-size Japan retail FX broker Monex Group (TYO:8698) is seeing a change at the top. Japanese regional bank Shizuoka Group is getting…

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