Japanese forex brokerage Monex Group said last week its preliminary trading volume generated from global forex operations amounted to $42.9 billion in February 2016, or the highest in the past 14 months. The figure represents a monthly increase of more than 13%, while on a yearly basis, the broker posted a growth of about 34%.
The group’s total average revenue trades (DARTs) wens slightly up by 1.5% on the month to 354,366 per business day last month, posting an annual increase of 5% from 337,371. DARTs measure the number of trades and transactions per day which generate revenue.
In January and February this year, Monex Group’s monthly DARTs exceeded the values posted in August 2015, or the highest for last year, when the DARTs was 351,104 per day.
Forex and stock broker Monex Inc., part of Monex Group, posted a DARTs from over-the-counter (OTC) forex trading of 217,039 per business day, or relatively unchanged on the month, but 5.3% higher than in February 2015.
Meanwhile, the DARTs of TradeStation Group, also part of the Japanese group, declined by 4.9% on the month to 138,033 per business day in last month. The values, however, posted an increase of 4.4% over the year.
Monex Inc.’s clients had 222,404 OTC forex accounts in February, of which 63,477 were active ones, while TradeStation Group handled 68,796 active accounts last month.
Earlier this month Exness, a forex brokerage regulated in Cyprus and Belize, said its trading volume amounted to $192.4 billion in February, while GMO Click Securities and FX Prime by GMO, both part of Japanese forex brokerage GMO Click Holdings, had February OTC forex trading volumes of JPY 144.3 trillion and JPY 16.8 trillion, respectively.
The Monex group consists of the Japan-registered holding company Monex Group Inc. and its subsidiaries Monex Inc., Monex Ventures, and TradeStation Corporations, Monex Hambrecht, and Monex-Saison-Vnaguard Investment Partners, 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.
Source: Monex Group