Monex Reports Both FX Trading and Darts Declined in April 2017

Results were weak over a MoM and YoY basis, with DARTs falling for the third consecutive month.

Japanese financial services firm Monex Group has reported its monthly metrics for April 2017 across its Monex Inc and TradeStation Subsidiaries, with the latest figures revealing a weak period for trading volumes on both a year-over-year and month-over-month basis.

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Monex’s Daily Average Revenue Trades (DARTs) fell for the third consecutive month, this time declining on a month-over-month basis to 245,558, compared to 257,717 in March 2017. This figure is also much lower year-over-year, from 299,629 in April 2016. The DARTs include trades transacted via Monex Inc’s stock brokerage, futures, options, OTC FX, mutual funds, CFDs on the Tokyo Stock Exchange (TFX) and precious metals.

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In terms of Monex Inc’s FX trading, this segment continued its downward spiral in April 2017 after clients transacted just ¥95 billion per day, down from ¥108.7 billion in March. That number was already lower by 30.2% when compared to ¥155.8 billion in February 2017. The April 2017 figure is also way down year-over-year from ¥169.8 billion in April 2016.

The number of DARTs at Monex’s subsidiary TradeStation during the month of April 2017 was also comparatively weak. The figure fell to 100,543 (from 101,121 in March) breaking a positive streak of three consecutive months.

Last Friday Monex Group published its financial results for the fourth quarter and fiscal year ending on March 31 2017, showing a further decline in both revenues and profits explained by a series of factors including declining trading volumes and costs associated with a new brokerage system which has affected the brokerage’s bottom line.

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