Monex’s FX Volumes, DARTs Sink to 2016 Lows
Posted: Mon Apr 04, 2016 7:43 am
Monex Group has reported its monthly business metrics and foreign exchange (FX) volumes for March 2016, which were underpinned by withering figures on both fronts in what has been its worst month of the calendar year thus far, according to a Monex statement.
The Japanese broker’s Daily Average Revenue Trades (DARTs) had already been in decline since January, and have now exacerbated this trend by reporting a figure of 288,349 DARTs during March 2016 – this was reflective of a loss of -18.6% MoM from 354,366 DARTs in February 2016. Over a yearly timeframe, the latest figure was slightly mitigated, incurring ... (read more)