Monex Group Posts 91% MoM Volume Growth in Japan

With the Forex Magnates Tokyo Summit coming up soon, Japanese brokers are solidifying their hold as the top destination for FX trading. Last week we saw record volumes being reported in April from GMO Click, the world’s largest retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term broker by volume. Also, in our most recent published Q1 Forex Industry Report, the top three brokers by volume were Japanese, with GMO Click being followed by DMM Securities and CyberAgent FX. Following those results, Monex Group has posted their April trading metrics.

During the month, FX trading in Japan averaged nearly $2.5 billion per day, for a record total of monthly volume of around $52 billion. Average daily volumes in April were 91% above March’s figures and 37.5% above the previous record established in February. When compared to 2012, the volume figures look even more impressive as 2013 averages have tripled trading from last year (see chart).

Total global volumes at Monex during April totaled $79.9 billion for the month. Non-Japanese units, which consist of brokers IBFX and Tradestation, saw total April volumes of around $27.4 billion, which was 17% below March’s figures. As a result of the surge in Japanese volumes versus the decline elsewhere, trading activity from that country now composes a majority of Monex’s forex volumes. Explaining the success in volume in Japan, a Monex spokesperson told Forex Magnates "The main driving force is the 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 of the JPY more than anything else. Also, the recovery of the equity markets might have added risk appetite to Japanese retail clients more than our clients elsewhere."