Japan-headquartered retail Forex broker Monex Group, Inc. (TYO:8698) this morning reported its operating metrics for February 2015. The second month of the year was rather challenging for the Forex broker, with global Forex volumes staging a drop in monthly and annual terms. The reasons for such a decline may seem obvious to many given that…
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 moreHow does the valuation here compare with FXCM's purchase of FXDD's US clients a few months ago?
Read moreTokyo, Japan based retail FX giant MONEX Group (TYO:8698) has today announced its FX monthly metrics for July 2014. The summer trading slump is still lingering here with Total FX volumes hitting lows not seen for a year. MONEX Group’s $29 billion dollar FX trading volume for July represents a further decrease compared with June’s…
Read moreMONEX Group rebrands its venture capital enterprise in a move to concentrate further on investing in innovative start ups, a timely move for the conglomerate which today reported increased revenue figures for the year ending March 31, 2014 Japanese FX conglomerate MONEX Group (TYO:8698) has today announced that it is strengthening its corporate venture capital effort thorough…
Read moreAs 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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