Monex Group’s Profits Rise on Yearly Basis in 2017, Crypto Lab Launched

Monex Group has reported its latest financial statistics for Q3 of the fiscal year ending March 31, 2018. This includes the group’s latest financials for the first nine months of the year, which saw slight a growth in revenues and other segments.

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2017 was largely characterized as a mixed year for brokerages, with episodic pockets 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 can be successful in both low and high volatile environments, but the strategies employed are often different depending upon volatility. Why Too Much Volatility is a ProblemIn the FX space, lower volatile currency pairs offer less surprises, and are suited to position traders.High volatile pairs are attractive for many day traders, due to quick and strong movements, offering the potential for higher profits, although the risk associated with such volatile pairs are many. Overall, a look at previous volatility tells us how likely price will fluctuate in the future, although it has nothing to do with direction.All a trader can gather from this is the understanding that the probability of a volatile pair to increase or decrease an X amount in a Y period of time, is more than the probability of a non-volatile pair. Another important factor is, volatility can and does change over time, and there can be periods when even highly volatile instruments show signs of flatness, with price not really making headway in either direction. Too little volatility is just as problematic for markets as too much, we uncertainty in excess can create panic and problems of liquidity. This was evident during Black Swan events or other crisis that have historically roiled currency and equity markets. 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 can be successful in both low and high volatile environments, but the strategies employed are often different depending upon volatility. Why Too Much Volatility is a ProblemIn the FX space, lower volatile currency pairs offer less surprises, and are suited to position traders.High volatile pairs are attractive for many day traders, due to quick and strong movements, offering the potential for higher profits, although the risk associated with such volatile pairs are many. Overall, a look at previous volatility tells us how likely price will fluctuate in the future, although it has nothing to do with direction.All a trader can gather from this is the understanding that the probability of a volatile pair to increase or decrease an X amount in a Y period of time, is more than the probability of a non-volatile pair. Another important factor is, volatility can and does change over time, and there can be periods when even highly volatile instruments show signs of flatness, with price not really making headway in either direction. Too little volatility is just as problematic for markets as too much, we uncertainty in excess can create panic and problems of liquidity. This was evident during Black Swan events or other crisis that have historically roiled currency and equity markets. Read this Term hurting trading figures. Many Japanese brokerages felt this pinch, with Monex Group’s figures and financials mostly on par with the rest of the industry. In terms of the first nine months of the fiscal year (between April 1, 2017 and December 31, 2017), Monex’s total revenue was reported at ¥38.89 billion ($357.8 million).

Over this same period, the brokerage group saw a total profit of ¥4.55 billion ($41.9 million). This however constituted a slight decline off of the previous year. For example, Monex’s total revenue over the first nine months of the fiscal year ending March 31, 2018 came in 8.2 percent higher on a yearly basis from ¥35.91 billion ($330.0 million).

During this period, net trading income proved to be another bright spot on a year-over-year basis, rising by a margin of 19.0 percent. This included a jump from ¥3.44 billion ($31.6 million) from ¥2.89 billion ($26.5 million) for the previous year. Other revenues and income segments all lagged behind their 2016 counterparts over this period.

Profits over the first nine months of the fiscal year ending March 31, 2018 were pointed higher relative to the year prior. Monex’s nine-month profit reached ¥4.55 billion ($41.9 million), which easily surpassed ¥303.0 million ($2.8 million) in the year prior. This was attributed mostly to a differential of expenses that were by and large lower in 2017.

The profit rise was also captured via Monex’s earnings per share on a diluted basis in 2017. In particular, the group reported a figure of ¥16.78 ($0.15) per share, up from just ¥1.42 ($0.013) in the year prior.

Of particular note, the group during this period revealed its plans to enter the cryptocurrency space. Cryptos have remained one of the most popular tradable instruments heading into 2018. This has resulted in the preparation of Monex, Inc. and recently established Monex Crypto Bank, Inc. to launch a new crypto Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term business.

Monex Cryptocurrency Laboratory was launched today and will reportedly be led by Nana Otsuki (Chief Analyst at Monex, Inc.), with an aim of providing streamlined access to cryptos. The development should help continue to drive the group’s profits with demand continuing to operate at peak levels in 2018. Otsuki currently works as an Executive Director, and Chief Analyst, and Head of Monex University at Monex, Inc., Monex Group’s subsidiary.