

Monex Group, a Japanese forex brokerage group, said on Thursday its trading volume from global operations amounted to $22.6 billion in November, which is a decline of nearly 20% from the previous month and a drop of more than 59%, compared to the same period a year earlier. The figure represents the lowest monthly trading volume the group has generated since the beginning of 2015.
The group’s consolidated average daily revenue trades (DARTs) last month, however, increased to 280,599 per business day from 276,879 in October. A year earlier, Monex Group’s DARTs were 346,714 per business day.
The Monex group consists of the Japan-registered holding company Monex Group Inc and its subsidiaries Monex Inc, Monex Ventures, and TradeStation Corporations, all registered in Japan, as well as TradeStation Group, which is in charge of the group’s operations in North America and Europe, and Monex International Ltd, aka Monex BOOM Group, which is in charge of the Asian market.
Forex and stock broker Monex Inc saw an average trade volume from forex operations exceeding JPY 108 billion in November, down from JPY 120.6 billion in October and JPY 280.3 billion in November the previous year. It serviced 1,609,237 accounts last month, of which 219,007 were for over-the-counter (OTC) forex trading.
TradeStation Group, on the other hand, posted 114,622 DARTs per business day in November, or 3.9% lower than the previous month and 6.7% lower than a year earlier. Its active accounts in November slightly increased over the month to 68,048, and grew by more than 7% over the year.
In comparison, US-based online brokerage group Interactive Brokers posted DARTs of 640,000 and 329,100 customer accounts in November. Meanwhile, Cyprus-regulated forex brokerage group EXNESS generated a trading volume of $177 billion last month.
Source: Monex Group