Kabu Metrics Continue to Fall MoM in May, FX Falls

After reporting a solid performance in May, Kabu, an online securities brokerage, has revealed its business metrics for the month of May, making it one of the latest trading providers to report a continued drop in performance from the highs seen in March.

As Finance Magnates reported, back in March, Kabu posted solid metrics during the month, boosted by COVID-19 volatility, which has given the trading markets a new sense of life. However, in May, the Japanese broker has largely reported a drop in its metrics, following the declining trend which was also witnessed in April.

During the month, the number of securities accounts increased to 1,161,765, with 6,535 new accounts added during the month. The number of newly opened accounts in May was 6,913, which is 2,799 more than what was opened in the previous month.

Taking a look at trading activity, the monthly trading value of stocks in May was ¥2.44 trillion. When measuring this against the previous month, the trading value has fallen by 13.1 per cent, down from ¥28.02 in April.

OTC FX trading falls on Kabu

In the fifth month of the year, Kabu noted an over-the-counter (OTC) foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) monthly trading value of ¥2.07 trillion. Comparing this against the previous month, the trading value has fallen by 8.1 per cent. May’s value is the weakest reported by the broker since January of this year.

In May, the futures monthly trading value also declined on a monthly comparison, falling from ¥3.49 trillion in April down to ¥2.68 trillion in May, which represents a decline of 23.1 per cent.

Taking a look at Kabu’s B2B2C results, the number of financial product brokerage accounts grew by 2,730 to reach 95,669 accounts by the end of May. During the month, the ASP OTC FX monthly trading value for the month was ¥361.40 billion. When weighing this against the previous month, it has dropped by 24.9 per cent.