Monex January FX Volumes Best in Six Months
- Monex Group has posted trading results for both its Japanese FX and global units. During the month, total global volumes totaled $53.4 billion, which was broker’s highest figure since July 2013.
Monex Group has posted trading results for both its Japanese FX and global units. During the month, total global volumes totaled $53.4 billion, which was the broker’s highest figure since July 2013. The figures were 27.4% above December’s trading activity. Similar to activity throughout 2013, Japanese volumes outpaced that of the rest of the world as the division saw average daily trading of $1.64 billion (¥168B) and total trading of about $34.4 billion. In yen terms, ADV was 20% higher than December and was the broker’s highest amount since June 2013.
Non-Japanese volumes which include trading at IBFX and Tradestation also rose 34.2% to $20 billion during January from $14.9 billion in December. The December results were a multi-year low for the IBFX and Tradestation units compared to the 2013 year high of slightly over $40 billion achieved last February. While IBFX and Tradestation continue to be ongoing entities of Monex Group, over the last year we have seen the broker shift its focus back towards the Japanese market. Examples include the expansion of trading platforms slated to be offered to Japanese clients as Monex announced in 2013 that it would launch both the tradable and Tradestation platforms in Japan.
Monex Group Monthly FX Volumes ($B)
During the 2012 Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates London Summit, Monex Group CEO, Oki Matsumoto explained that the broker’s Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of IBFX and Tradestation was based on expanding their reach and product diversity to cater to shifts of interest among global traders. While those goals may continue to exist, the current focus on Japan relates that Monex is seeing the best present opportunities in catering to local traders.
Monex Group has posted trading results for both its Japanese FX and global units. During the month, total global volumes totaled $53.4 billion, which was the broker’s highest figure since July 2013. The figures were 27.4% above December’s trading activity. Similar to activity throughout 2013, Japanese volumes outpaced that of the rest of the world as the division saw average daily trading of $1.64 billion (¥168B) and total trading of about $34.4 billion. In yen terms, ADV was 20% higher than December and was the broker’s highest amount since June 2013.
Non-Japanese volumes which include trading at IBFX and Tradestation also rose 34.2% to $20 billion during January from $14.9 billion in December. The December results were a multi-year low for the IBFX and Tradestation units compared to the 2013 year high of slightly over $40 billion achieved last February. While IBFX and Tradestation continue to be ongoing entities of Monex Group, over the last year we have seen the broker shift its focus back towards the Japanese market. Examples include the expansion of trading platforms slated to be offered to Japanese clients as Monex announced in 2013 that it would launch both the tradable and Tradestation platforms in Japan.
Monex Group Monthly FX Volumes ($B)
During the 2012 Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates London Summit, Monex Group CEO, Oki Matsumoto explained that the broker’s Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of IBFX and Tradestation was based on expanding their reach and product diversity to cater to shifts of interest among global traders. While those goals may continue to exist, the current focus on Japan relates that Monex is seeing the best present opportunities in catering to local traders.