Japanese financial services firm Monex Group has reported its monthly tranche of metrics across its Monex Inc. and TradeStation Subsidiaries, which revealed much improved figures for October in comparison with last year and generally fairly lukewarm metrics over the last few months.
Specifically, Monex’s Daily Average Revenue Trades (DARTs) managed to secure a fresh rebound on a month-over-month basis, reporting 271,376 in October 2017, up 3.1 percent from 263,056 in September 2017. This figure is also substantially higher than its previous yearly reading, namely up 14.6 percent year-over-year from 236,895 in October 2016.
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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. In addition, Monex’s total number of active accounts in October 2017 ticked higher to print a fresh record at 1,039,046, edging higher by 2,2437 accounts compared to the previous month. The metric was derived from the number of total accounts that have balance and have executed a trade or withdrawal throughout the past year.
In terms of Monex Inc.’s FX trading, this segment declined materially in October 2017 after clients transacted $1.01 billion per day (¥115.07 billion). The number is lower by 20.1 percent when compared $1.27 billion per day (¥144.13 billion) in September 2017, but still up 20.4 percent year-over-year from $839.7 million per day (¥95.54 billion) in October 2016.
The number of DARTs at TradeStation during the month of October 2017 was pointed lower, coming in at 88,571, which reflects a fall of 2.8 percent month-on-month from 91,133 in September 2017. The figure is also lower when compared to October 2016, having fallen from 94,307, or 6 percent year-over-year.