Monex Publishes Final YTD Results,Upward Revisions Not Found
Thursday,30/10/2014|04:55GMTby
George Tchetvertakov
The Tokyo-based broker publishes final results which highlight difficulties in all business units overcast by lower market volatility and compressed fee structures across the industry. Despite growing client numbers and deposits, revenues are down.
Monex revised its preliminary total operating revenue figure of ¥22,800 million up to ¥23,038 million (~$212 million). The company's costs and expenses were unchanged and the reported quarterly net loss of ¥304 million also remains unchanged.
Regional Operating Revenue & Business Diversification: Source: Monex Group Inc
The sharp fall in the Group’s overall performance is also reflected in the results of Monex Inc. – the Japanese-based subsidiary offering retail FX trading services. The comparatively better performance of Monex Inc. compared to Monex Group means that Monex Inc. now accounts for approximately 65% of the company’s total revenue.
On the flip side, Monex reports higher levels of client deposits, segregated capital and monies held in trust accounts. Client deposits rose from ¥53,193 million to ¥62,590 million and segregated capital rose from ¥192,897 million to ¥221,792 million.
TradeStation
"With a steady increase in customer assets and the number of accounts, TradeStation
remains competitive," said Monex Inc in an investor presentation. Adding, "TradeStation regards its brokerage business primarily of Equities as its core revenue source, and plans to increase option trading, which has high profitability and strong potential for growth. Since October 2014 with the rise in market Volatility, TradeStation’s customer activity has
rapidly improved."
In an admission of tough retail FX times, Monex stated: "In the midst of lower currency volatility and excessive competition and concerns about future business profitability, we transferred MT4 retail accounts offered under the name of IBFX to FXCM Holdings, LLC and consolidated services onto TradeStation FX for greater competitiveness."
Global Vision
As part of the company's "Global Vision" initiative, Monex wants to "geographically expand business areas through Mergers and Acquisitions (M&A) in Hong Kong and the U.S." The initiative's broader goal is to deliver differentiated products and services among all Group companies to be offered to retail investors globally. Monex also hopes to diversify revenue sources by expanding its B2B business and offering white-label solutions to third party companies.
Assuming flat business conditions continue and a host of firms struggle with balancing costs with revenues, industry consolidation is a topic likely to be revisited many times in 2015.
Monex revised its preliminary total operating revenue figure of ¥22,800 million up to ¥23,038 million (~$212 million). The company's costs and expenses were unchanged and the reported quarterly net loss of ¥304 million also remains unchanged.
Regional Operating Revenue & Business Diversification: Source: Monex Group Inc
The sharp fall in the Group’s overall performance is also reflected in the results of Monex Inc. – the Japanese-based subsidiary offering retail FX trading services. The comparatively better performance of Monex Inc. compared to Monex Group means that Monex Inc. now accounts for approximately 65% of the company’s total revenue.
On the flip side, Monex reports higher levels of client deposits, segregated capital and monies held in trust accounts. Client deposits rose from ¥53,193 million to ¥62,590 million and segregated capital rose from ¥192,897 million to ¥221,792 million.
TradeStation
"With a steady increase in customer assets and the number of accounts, TradeStation
remains competitive," said Monex Inc in an investor presentation. Adding, "TradeStation regards its brokerage business primarily of Equities as its core revenue source, and plans to increase option trading, which has high profitability and strong potential for growth. Since October 2014 with the rise in market Volatility, TradeStation’s customer activity has
rapidly improved."
In an admission of tough retail FX times, Monex stated: "In the midst of lower currency volatility and excessive competition and concerns about future business profitability, we transferred MT4 retail accounts offered under the name of IBFX to FXCM Holdings, LLC and consolidated services onto TradeStation FX for greater competitiveness."
Global Vision
As part of the company's "Global Vision" initiative, Monex wants to "geographically expand business areas through Mergers and Acquisitions (M&A) in Hong Kong and the U.S." The initiative's broader goal is to deliver differentiated products and services among all Group companies to be offered to retail investors globally. Monex also hopes to diversify revenue sources by expanding its B2B business and offering white-label solutions to third party companies.
Assuming flat business conditions continue and a host of firms struggle with balancing costs with revenues, industry consolidation is a topic likely to be revisited many times in 2015.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
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Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
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Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
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Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
