Monex Group has published its June 2016 business metrics showing a notable increase over May’s figures. Last month saw the Japanese broker experience a marked decline in Daily Average Revenue Trades (DARTs) after reporting figures of 274,230 and continuing along its downward trend since January.
Today’s improved figure of 293,426 represents an increase of 7 percent MoM, although the annual comparison shows a 3.5 percent decrease compared with June 2015’s figures of 304,013.
The broker, which recently reported its May 2016 revenues of nearly ¥3.62 billion ($34.56 million) which represented a decrease of ¥215 million ($2.05 million) or 5.6% percent from April resulting from the decline in May’s trading volumes, has now revealed improved figures for June.
SquaredDirect’s CEO Youssef Barakat Talks Rebranding EffortsGo to article >>
This month also saw a slight increase in accounts at Monex rising to 1,649,847 accounts from 1,643,568 in May 2016, or 0.4 percent MoM. Moving onto Monex’s FX business, the number of over-the-counter (OTC) FX accounts tallied at 227,043 showing an increase over May’s figures of 225,666 or 0.6 percent MoM.
Still on the broker’s FX OTC business, Monex recorded an average trade value per business day of ¥149,991 billion ($14.6 billion) compared with ¥142,755 ($13.1 billion) in May, or an increase of 5 percent MoM.
TradeStation also saw DARTs increase to 109,117 in June from 106,400 in May, reflecting a rise of 2.6 percent MoM. In terms of active account numbers, June figures were 62,185 compared with 61,932 in May, or an increase of 0.4 percent MoM.