MONEX Group reports highest trading activity since January during buoyant August

Japanese electronic trading giant Monex Group, Inc. (TYO:8698) has today reported its trading volume data for the month of August 2015, with the figures demonstrating a recovery from the stagnation experienced in trading activity during July. In August, global FX volume traded at Monex amounted to a total of $42.2 billion, representing a 9.61% increase […]

Japanese electronic trading giant Monex Group, Inc. (TYO:8698) has today reported its trading volume data for the month of August 2015, with the figures demonstrating a recovery from the stagnation experienced in trading activity during July.

In August, global FX volume traded at Monex amounted to a total of $42.2 billion, representing a 9.61% increase over July’s $38.5 billion total volume, however more interestingly, total volume in August was higher than any monthly total at Monex Group since January this year.

Capture 2

 

January was an unusual month for Japanese retail FX companies, as traders rode a wave of volatility created by the Swiss National Bank’s removal of the 1.20 peg on the EURCHF pair on January 15. Ordinarily conservative Japanese traders who do not routinely trade the Swiss Franc, had not run domestic companies into negative balance exposure due to the market conditions caused by the Swiss National Bank’s action, however the ensuing volatility was attractive to many traders who were able to capitalize on market volatility during the last two weeks of January without the instability caused in markets where firms and traders caught a cold due to exposure to negative balances.

Therefore, when bearing this in mind, August’s total FX volume figure represents a very good overall montly result for Monex Group.

In North America, Monex Group’s US subsidiary TradeStation also experienced a considerabel increase in trading activity, with daily average revenue trades standing at 139,882 in August compared to 114,068 in July. In congruence with Monex Group’s overall dynamic for August, TradeStation’s daily average was its highest since January.

Capture 3

 

Read this next

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

<