Monex November 2015 Report: Expenses Back to Normal Levels
- November saw a return to average levels of expenses from last month's record low.
Monex Group Inc (TYO:8698) has released its monthly revenue data for November of fiscal 2016. Regarding expenses, following a record low in the previous month, November saw a return to average levels. Operating revenue rose JPY 96 million to 4,330 million, while financial expenses soared JPY 125 million to 426 million.
As a result of higher expenses, operating revenue minus expenses fell JPY 31 million lower from October, reaching 3,903 million. Compared to November 2014, this year's Monex performance was lower, with revenue minus expenses falling from last year's figure of JPY 4,038 million.
Low Volume Levels
Decline in revenues in November was anticipated, in parallel with low trading volumes. As November ended, Monex published volume data, revealing a record low since the company began publishing the figures in 2011. The declining 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 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 Read this Term in the Japanese yen and the decreasing appetite of Japanese investors to engage in carry trades are taking their toll on the performance metrics of Japanese brokers.
Trading volumes at Monex continue trending lower
Looking at the specifics, the November figures declined by 20 per cent when compared to October, marking JPY 2.72 trillion. The state of the market in Japan proves to be widely dependent on the stimulus measures which the Bank of Japan has in place.
Retail traders have been keen to divest their savings and the Japanese have proven to have one of the most developed investment cultures in the world, housing the biggest brokers by volume, GMO Click and DMM Securities. With the Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term limited at 25:1, the scope of the popularity of foreign exchange trading in the country can be put into perspective when compared to the rest of the world.
If we look at the general trend for trading volumes this year however, we are observing a substantial decline for a third consecutive month.
Monex Group Inc (TYO:8698) has released its monthly revenue data for November of fiscal 2016. Regarding expenses, following a record low in the previous month, November saw a return to average levels. Operating revenue rose JPY 96 million to 4,330 million, while financial expenses soared JPY 125 million to 426 million.
As a result of higher expenses, operating revenue minus expenses fell JPY 31 million lower from October, reaching 3,903 million. Compared to November 2014, this year's Monex performance was lower, with revenue minus expenses falling from last year's figure of JPY 4,038 million.
Low Volume Levels
Decline in revenues in November was anticipated, in parallel with low trading volumes. As November ended, Monex published volume data, revealing a record low since the company began publishing the figures in 2011. The declining 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 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 Read this Term in the Japanese yen and the decreasing appetite of Japanese investors to engage in carry trades are taking their toll on the performance metrics of Japanese brokers.
Trading volumes at Monex continue trending lower
Looking at the specifics, the November figures declined by 20 per cent when compared to October, marking JPY 2.72 trillion. The state of the market in Japan proves to be widely dependent on the stimulus measures which the Bank of Japan has in place.
Retail traders have been keen to divest their savings and the Japanese have proven to have one of the most developed investment cultures in the world, housing the biggest brokers by volume, GMO Click and DMM Securities. With the Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term limited at 25:1, the scope of the popularity of foreign exchange trading in the country can be put into perspective when compared to the rest of the world.
If we look at the general trend for trading volumes this year however, we are observing a substantial decline for a third consecutive month.