Monex Group, one of the largest brokers operating in Japan and parent group of Monex and TradeStation, has just released its consolidated financial metrics for the month ending August 2015, according to a Monex statement.
For August 2015, Monex managed to string together its third consecutive monthly increase in revenues, notching a robust figure of $45.0 million (¥5,396 million). This represents a growth of 5.6% MoM from $42.6 million (¥5,109 million) in July 2015. August’s standout performance also constitutes Monex’s high yearly revenue in the new fiscal year, having bested last month’s high.
The Participants in Forex Trading and their Role in the MarketGo to article >>
In addition, financial expenses notched a decline during the month ending August 2015, which came in at just $3.2 million (¥379 million). This was reflective of a decrease of -15.2% MoM from $3.7 million (¥447 million) in July 2015.
The trend is largely emblematic of a broader focus in Asia with the advent of Chinese monetary policy moves and resurgent volatility across global markets. Consequently, volumes have not been locked in a typically dormant consolidation as was experienced last August.
Earlier this month, Monex reported its August 2015 foreign exchange (FX) volumes, which showed monthly trading value for all subsidiaries of Monex Group Inc totaling $42.2 billion in August, up 9.6% from $38.5 billion in July 2015. This total FX volumes figure was the highest since February 2015 when the number crashed to just $32.1 billion, and put Monex half way towards January 2015’s $51 billion.