MONEX's Global FX Trading Volume Down 13.2% MoM in April

The Monex Group has just released its monthly business metrics disclosure for April 2015, showing a slide back down in volume from the Japan-based global brokerage and its subsidiaries.

The group’s global FX trading volume in April was $35.6 Billion, down about 13.2% from the previous month. March saw a jump of about 27.7%, signaling that the figure might rise back, but now it seems the volumes are having difficulty climbing higher after peaking at $55.4 billion in November 2014.

The total number of active OTC margin FX accounts at the end of the month of April 2015 was 63,436, just barely up from 63,328 in March. In contrast, the average FX trade value per business day decreased by 1.9% Month-Over-Month to just ¥156,790 million.

Monex also experienced a 1.1% MoM drop in its global Daily Average Revenue Trades (DARTs), meaning the number of trades and transactions per day which generate revenue, reaching only 318,116 per day in April 2015. The DARTs figure is less bad for the group’s FX business dropping by about 0.7% MoM to 194,777.

The results of Monex’s American subsidiary, TradeStation, seem better over the previous month’s figures, except in the number of DARTs which fell by 2%.