Monex Japan reports FX volumes down 28% in March
Monex Japan reports FX volumes down explained by professional Forex trading experts the “Monex Japan reports FX volumes down” FX trading team.
Monex Japan reports FX volumes down
Monex Group, a mid-size Japanese retail FX broker, announced that March volumes came in at ¥126,613 million per day (about $30 billion in monthly volume), down about 28% from February’s $41 billion in monthly volume. Still, one of Monex’s best months ever.
Monex also owns TradeStation and Interbank FX (IBFX) in the U.S. (For a list of M&A and financing deals in the Forex sector see the LeapRate-Dow Jones Forex Industry Report).
After also seeing Japan market leader GMO Click Securities report March volumes down 17%, it is clear that Janaury and February’s stellar start to 2013 has slowed somewhat in one of the world’s largest FX markets.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.
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