Monex Reports February Totals, Daily Average Revenue Trades Drop 10% over January

Japan-based Monex group, which owns several business lines including the TradeStation brand, has today disclosed monthly trading metrics for February 2014.

The results showed that global monthly FX trading volumes (totaled across its subsidiaries) dipped from $53.4 billion at the start of the year, down 17.2% to $44.2 billion for February, a drop of nearly $9.2 billion over the prior month.

The news was just released as March 5th is already underway this Wednesday morning in Tokyo, as per the press release posted on its corporate website just earlier.

Also on a global basis, Daily Average Revenue Trades (DARTs) fell 9% from 397,888 in January, down 36,106 to 361,782 in February 2014, representing the number of trades and transactions that generate revenue for the online brokers subsidiaries had fallen month-over-month (MoM).

The number of active FX OTC accounts at the end of the month stood at 62,664, and down slightly by just 265 accounts over January figures of 626,929, a difference of 4 tenths of a percent. It's noteworthy that February had 2 trading days less than January which had 21 trading days, aiding it to tally up a higher total for some of the reported metrics.

The average trade value per business day for the firm's FX OTC business, excluding duplicate accounts, totaled 139,033 million yen (roughly $1.361 billion) in February, which was lower by 17% over January's total of 167,849 million yen (roughly $1.643 billion) per business day, a difference of 28,816 million yen (or roughly $282 million) month-over-month.

Highlights from Monex's TradeStation Group subsidiary show the number of active accounts which reached its highest level in the last 12 consecutive months -inching up along with total client assets over that time, and average equities margin debit balances also had risen to a twelve-month high.

However, despite these increases the number of DARTs for TradeStation Group dropped slightly over last month, possibly due to the shorter number of trading days - as mentioned above.

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