Monex Group Reports A Drop In August Metrics as DARTs Sink 16% MoM

Monex Group has today reported its August 2016 business metrics showing a further consecutive decrease over July’s figures. In terms of Daily Average Revenue Trades (DARTs), last month saw the Japanese broker’s figures decline to 275,082 after a brief respite in June. This is a pattern that has been seen across the industry in recent months due to highly volatile market situations.

August Metrics

Today’s figures reveal that DARTS are down to 231,108, representing an decrease of almost 16 percent MoM, compounded by an annual decrease of 34.2 percent decrease compared with August 2015’s figures of 351,104.

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Despite the month’s downturn, August saw a slight increase in accounts at Monex rising to 1,658,703 from 1,655,294 accounts in July 2016, or a marginal 0.2 percent MoM. Moving onto Monex’s FX business, the number of over-the-counter (OTC) FX accounts tallied at 228,697 showing a slight increase over July’s figures of 228,124 or 0.25 percent MoM.

Still on the broker’s FX OTC business, Monex recorded an average trade value per business day of ¥85,374 billion ($8.2 billion) compared with ¥135,405 ($13.3 billion) in July, or a decrease of almost 37 percent MoM.

TradeStation also saw DARTs decrease to 91,241 in August from 97,313 in July, reflecting a fall of 6.2 percent MoM. In terms of active account numbers, July figures were 61,752 compared with 62,018 in July, or a marginal decrease of 0.45 percent MoM.

Operating Revenues

In what have been challenging times for Monex, the brokerage recently announced operating revenues for July, notching a figure of $36.7 million (¥3,679 million). This represented a decline of almost 12 percent MoM from June’s $41.6 million (¥4,174 million) and down 21 percent YoY compared with $46.5 million (¥4,662 million) last year.

The latest metrics once again reflect an ongoing trend of 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 in what has been a challenging year across the global financial markets, although lower trading volumes may also be associated with a seasonal dip fuelled by notoriously lower trading activity in the month of August.