Monex and TradeStation DARTs Rise Modestly in January, FX Rebounds

Trading activity at the Japanese brokerage and its North American subsidiary increased in January.

Japanese financial services firm Monex Group has announced the monthly metrics of its Monex Inc and TradeStation Subsidiaries. The Daily Average Revenue Trades (DARTs) globally have increased marginally by 1.6 percent to a total of 273,641 when compared to December 2016. The figure is lower when compared to January 2016 by 24 percent.

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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The total number of active accounts ticked higher to 1,018,325, which is up by just below 2000 accounts. The metric is derived from the number of total accounts that have balance and have executed a trade or withdrawal throughout the past year.

FX trading rebounded materially in the first month of the year as clients of Monex Inc transacted $1.76 billion per day (¥198.5 billion). The number is higher by 41 percent when compared to December, and is relatively flat on a constant currency basis when compared to January 2016.

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The total monthly figure amounts to about $33.5 billion (¥3.77 trillion) for the month of January, which is higher by 27 percent when compared to December 2016 and lower by about a percentage point when compared to a year ago.

The number of DARTs at TradeStation increases by 7.2 percent month-on-month in January to 95,505. The figure is lower when compared to January 2016 by 34 percent. DARTs transacted via the North American subsidiary of Monex Group, TradeStation, include stocks, futures and options.

Japanese traders have not been very active during the month of January as the local currency has been largely confined into trading ranges against its major counterparts, the US dollar and the euro.

Looking ahead, the key metric to look after in order to ascertain the amount of trading activity at the subsidiaries of Monex Group will be global stock markets and FX volatility.

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