April figures indicate a reverse in the downward trend recorded by Monex since January 2016.
Monex Group today reported its monthly business metrics for April 2016, showing an overall increase over the previous month’s figures. Today’s release indicates a positive turn for the Japanese broker, which last month saw its financial metrics for Q4 2015 ending March 31, 2016 decrease QoQ over the previous quarter.
As of this month, Monex Group no longer reports Global Forex volumes following the transfer of OTC FX accounts offered by the FX companies of TradeStation Group, Inc. to OANDA Corporation and OANDA Australia Pty Ltd in March. As a result, Monex’s FX volumes are now comprised of only the OTC FX volume of Monex, Inc., the Japanese subsidiary of the broker.
The Japanese broking giant, whose Daily Average Revenue Trades (DARTs) had been in decline since January, reported a figure of 299,629 DARTs compared with 288,349 during March 2016, representing an 3.8% increase MoM. The annual comparison, however, showed a 5.9% drop from the result of 318,116 recorded in April 2015.
There was a slight increase in accounts at Monex during April 2016, rising to 1,639,437 accounts from 1,635,172 accounts in March 2016, or 0.3% MoM. Looking at Monex’s FX business, the number of over-the-counter (OTC) FX accounts came in at 224,485 up from 223,365 accounts in March 2016 or 0.5% MoM.
In terms of its FX OTC business, Monex reported an average trade value per business day of ¥169,830 billion ($1,574 billion) compared with ¥141,385 billion ($1,310 billion) in March, representing an increase of 20.1% MoM.
TradeStation, meanwhile, saw DARTs fall to 110,929 in April compared with 112,769 in March, reflecting a 1.6% decrease MoM. In terms of account numbers, April figures were 61,819 in April compared with 61,348 in March, reflecting a 0.8% increase MoM.
Monex Group today reported its monthly business metrics for April 2016, showing an overall increase over the previous month’s figures. Today’s release indicates a positive turn for the Japanese broker, which last month saw its financial metrics for Q4 2015 ending March 31, 2016 decrease QoQ over the previous quarter.
As of this month, Monex Group no longer reports Global Forex volumes following the transfer of OTC FX accounts offered by the FX companies of TradeStation Group, Inc. to OANDA Corporation and OANDA Australia Pty Ltd in March. As a result, Monex’s FX volumes are now comprised of only the OTC FX volume of Monex, Inc., the Japanese subsidiary of the broker.
The Japanese broking giant, whose Daily Average Revenue Trades (DARTs) had been in decline since January, reported a figure of 299,629 DARTs compared with 288,349 during March 2016, representing an 3.8% increase MoM. The annual comparison, however, showed a 5.9% drop from the result of 318,116 recorded in April 2015.
There was a slight increase in accounts at Monex during April 2016, rising to 1,639,437 accounts from 1,635,172 accounts in March 2016, or 0.3% MoM. Looking at Monex’s FX business, the number of over-the-counter (OTC) FX accounts came in at 224,485 up from 223,365 accounts in March 2016 or 0.5% MoM.
In terms of its FX OTC business, Monex reported an average trade value per business day of ¥169,830 billion ($1,574 billion) compared with ¥141,385 billion ($1,310 billion) in March, representing an increase of 20.1% MoM.
TradeStation, meanwhile, saw DARTs fall to 110,929 in April compared with 112,769 in March, reflecting a 1.6% decrease MoM. In terms of account numbers, April figures were 61,819 in April compared with 61,348 in March, reflecting a 0.8% increase MoM.
UK Chancellor Jeremy Hunt Clashes with FCA over Controversial “Name and Shame” Policy
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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