Tokyo, Japan based retail FX giant MONEX Group (TYO:8698) has today announced its FX monthly metrics for July 2014.
The summer trading slump is still lingering here with Total FX volumes hitting lows not seen for a year. MONEX Group’s $29 billion dollar FX trading volume for July represents a further decrease compared with June’s $31.5, a drop of 7.9% MoM, and 47.% drop when compared to a year ago.
Global FX Volume are the sum of the trading volume per month of subsidiary securities companies and FX companies under Monex Group, Inc.
Active client accounts also look to be in a slow downtrend with trading being as muted as it’s become, with no big catalysts to tempt the average trader back in the market. Average trade value per day also has seen a significant drop over the course of a year when July 2013 stood at ¥116 million compared to 2014’s ¥53 million in a slow and steady decline. See the table below:
