Monex and TradeStation’s DARTs Continue Uneven Trajectory in March

Results were mixed over a MoM and YoY basis, with DARTs falling slightly for the second consecutive month.

Japanese financial services firm Monex Group has reported its monthly metrics across its Monex Inc and TradeStation Subsidiaries – the latest figures represented a mixed bag of volumes, ultimately showing a varied performance across a month-over-month interval.

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Monex’s Daily Average Revenue Trades (DARTs) fell for the second consecutive month, this time declining approximately -1.9 on a month-over-month basis to 257,717 in March 2017, compared to 262,809 in February 2017. This figure is also lower than its previous yearly reading, or -6.0 percent year-over-year from 274,230 in March 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. Moreover, Monex’s total number of active accounts in March 2017 ticked up to 1,023,639, edging higher by 2,963 accounts from 1,020,676. The metric was derived from the number of total accounts that have a balance and have executed a trade or withdrawal throughout the past year.

In terms of Monex Inc’s FX trading, this segment collapsed materially in March 2017 after clients transacted $982.1 million per day (¥108.7 billion). The number is lower by -30.2 percent when compared to $1.41 billion per day (¥155.8 billion) in February 2017, and -23.9 percent year-over-year from $1.29 billion per day (¥142.8 billion) in March 2016.

TradeStation’s DARTs Climb

The number of DARTs at TradeStation during the month of March 2017 was pointed higher for the third consecutive month, coming in at 101,121, which was good for a rise of 1.5 percent month-on-month from 99,588 in February 2017. The figure is lower when compared to March 2016, having fallen from 106,400, or -4.9 percent year-over-year.

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