MONEX reports strong operating performance for the third quarter of the current Japanese fiscal year. Revenues and income were up across global business units despite a fall in trading activity during the latter stage of 2013.
MONEX Group (MONEX), a leading listed Japanese financial services firm has reported its consolidated financial results for the third quarter of the fiscal year ending March 2014 (as per Japanese reporting procedures). The firm issued preliminary results earlier in the week which were reinforced with full details announced in the consolidated results for the period.
MONEX operates across the globe through its various subsidiaries, as detailed in the financial summary. At its Japanese division, MONEX is classified among the top 5 multi-asset online brokerage firms. According to information from the respective companies, MONEX is the second-largest broker in terms of client assets (as of September 30, 2013).
In addition, during the third quarter the firm saw an uptake in its institutional solutions for brokers and banks operating in the margin trading arena, and provided 16 white labels to firms across 7 countries. In addition, it provided financial institutions in Asia and the Middle East with its multi-asset trading terminal offering; equities, futures and options.
Japan Highlights
In its Japanese subsidiary, MONEX saw an inflow of equity traders coming on the back of new initiatives coupled with the bull rally in global stocks.
MONEX opened 62,000 Nippon Individual Savings Account (NISA) accounts as of December 31, 2013 for domestic Japanese investors. From September 2013, MONEX offered decreased commissions, in addition a function that automatically calculates taxes for Japanese investors. The new initiatives directly impacted the business and increased new account openings and the amount of stocks that were transferred to MONEX during the quarter.
During the quarter MONEX saw an increase in the number of users viewing its selection of webinars, the firm offered a range of topics including; Japanese equity, tax seminars and Chinese equity. There were a total of 29,201 viewers, an increase of 101% from figures reported a quarter earlier.
Total revenue for the firm’s Japanese business was up 11% at $91.6 million.
US Highlights
MONEX operates across different asset classes in the US through its subsidiaries, TradeStation and IBFX offering both exchange traded and OTC instruments.
The firm fared well in terms of assets in custody, in the third quarter MONEX held over $3.5 billion in client assets, with 80,595 trading accounts. MONEX’s TradeStation is among the top 5 US brokers, the firm has 10% of market share (according to data supplied by each brokerage firm) and is on par with E*Trade, however it outperforms its peers significantly with the highest amount of earnings on commission per trade at $1,336, with its closest competitor, TD Ameritrade, earning $218.
In its Global FX division the firm witnessed a slump in revenues in line with declining trading volumes. Revenue was just short of the $15 million mark with trading volumes during the quarter above the formidable $100 billion notional (1 million standard trading lots).
Total revenue for the firm’s US business was down 6.2% at $38.9 million.
China & Hong Kong Highlights
MONEX’s Hong Kong regulated firm, BOOM Securities offers access to over 15 global equity markets, the firm serves traders in Hong Kong and targets mainland China investors through its Beijing representative office. Revenues for the third quarter were up 39% at $0.9 million (HK$7 million).
MONEX is bullish on China with interest in the newly formed Shanghai Pilot Free Trade Zone for foreign investment and FX trading.
Total revenue for the firm’s Chinese and Hong Kong business was up 9.6% at $1.4 million.
On the other hand, MONEX aims to streamline its business operations with cost reduction its key focus going forward. In its financial summary it states that it aims to reduce over $22 million by 2018.
MONEX’s results are in line with competing firms operating in the margin FX environment, however, the interesting point relating to MONEX in comparison to other brokers is the stock and futures brokerage unit that deals in listed instruments. Since the bull rally across Europe and USA, investors have favoured blue-chip stocks, hence the increase in revenue and profitability at the Tokyo-based firm. Rival GMO Click saw positive results for the third quarter, as reported earlier this week.
Market analysts believe the yen will stay around the 100-105 market during 2014, as a weaker yen supports growth in Japan, driven by the large export market. Could the yen weakness maintain interest among the Mrs. Watanabe traders?
MONEX Group (MONEX), a leading listed Japanese financial services firm has reported its consolidated financial results for the third quarter of the fiscal year ending March 2014 (as per Japanese reporting procedures). The firm issued preliminary results earlier in the week which were reinforced with full details announced in the consolidated results for the period.
MONEX operates across the globe through its various subsidiaries, as detailed in the financial summary. At its Japanese division, MONEX is classified among the top 5 multi-asset online brokerage firms. According to information from the respective companies, MONEX is the second-largest broker in terms of client assets (as of September 30, 2013).
In addition, during the third quarter the firm saw an uptake in its institutional solutions for brokers and banks operating in the margin trading arena, and provided 16 white labels to firms across 7 countries. In addition, it provided financial institutions in Asia and the Middle East with its multi-asset trading terminal offering; equities, futures and options.
Japan Highlights
In its Japanese subsidiary, MONEX saw an inflow of equity traders coming on the back of new initiatives coupled with the bull rally in global stocks.
MONEX opened 62,000 Nippon Individual Savings Account (NISA) accounts as of December 31, 2013 for domestic Japanese investors. From September 2013, MONEX offered decreased commissions, in addition a function that automatically calculates taxes for Japanese investors. The new initiatives directly impacted the business and increased new account openings and the amount of stocks that were transferred to MONEX during the quarter.
During the quarter MONEX saw an increase in the number of users viewing its selection of webinars, the firm offered a range of topics including; Japanese equity, tax seminars and Chinese equity. There were a total of 29,201 viewers, an increase of 101% from figures reported a quarter earlier.
Total revenue for the firm’s Japanese business was up 11% at $91.6 million.
US Highlights
MONEX operates across different asset classes in the US through its subsidiaries, TradeStation and IBFX offering both exchange traded and OTC instruments.
The firm fared well in terms of assets in custody, in the third quarter MONEX held over $3.5 billion in client assets, with 80,595 trading accounts. MONEX’s TradeStation is among the top 5 US brokers, the firm has 10% of market share (according to data supplied by each brokerage firm) and is on par with E*Trade, however it outperforms its peers significantly with the highest amount of earnings on commission per trade at $1,336, with its closest competitor, TD Ameritrade, earning $218.
In its Global FX division the firm witnessed a slump in revenues in line with declining trading volumes. Revenue was just short of the $15 million mark with trading volumes during the quarter above the formidable $100 billion notional (1 million standard trading lots).
Total revenue for the firm’s US business was down 6.2% at $38.9 million.
China & Hong Kong Highlights
MONEX’s Hong Kong regulated firm, BOOM Securities offers access to over 15 global equity markets, the firm serves traders in Hong Kong and targets mainland China investors through its Beijing representative office. Revenues for the third quarter were up 39% at $0.9 million (HK$7 million).
MONEX is bullish on China with interest in the newly formed Shanghai Pilot Free Trade Zone for foreign investment and FX trading.
Total revenue for the firm’s Chinese and Hong Kong business was up 9.6% at $1.4 million.
On the other hand, MONEX aims to streamline its business operations with cost reduction its key focus going forward. In its financial summary it states that it aims to reduce over $22 million by 2018.
MONEX’s results are in line with competing firms operating in the margin FX environment, however, the interesting point relating to MONEX in comparison to other brokers is the stock and futures brokerage unit that deals in listed instruments. Since the bull rally across Europe and USA, investors have favoured blue-chip stocks, hence the increase in revenue and profitability at the Tokyo-based firm. Rival GMO Click saw positive results for the third quarter, as reported earlier this week.
Market analysts believe the yen will stay around the 100-105 market during 2014, as a weaker yen supports growth in Japan, driven by the large export market. Could the yen weakness maintain interest among the Mrs. Watanabe traders?
Retail Trading & Prop Firms in 2025: Five Defining Trends - And One Prediction for 2026
Featured Videos
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
