10% Decrease in Operating Revenues at Japanese Broker Monex in January

Leading Japanese-based brokerage firm, Monex’s January financials are reported lower on a month-on-month basis. The firm saw a decline in its operating metrics which equated to $37 million, a drop of 10% from $40.4 million reported in December. The news follows on from the firm’s January volumes data, which was also in the red, on a MoM basis.

The global provider of securities, futures and OTC financial products has seen overall operating revenues increase from the beginning of the current financial year. Since the post-summer Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term boost, the firm has seen monthly revenues above $35 million.

During the month, the firm also saw a rise in its financial expenses, which totalled $5.1 million, from $3.2 million reported in December. The additional expenses are believed to be adjustments the firm made in the value of negative client balances that occurred due to the SNB fall out. The firm reported that it suffered negative balances of $1.3 million, which had no material impact on the broker.

January is regarded as a slower month in financial trading, however the geopolitical issues coupled with the Swiss franc issue heightened volatility and some providers reported an increase in trading volumes.