Japanese Broker KABU February FX and Stock Trading Volumes Rise

Kabu volumes grew across FX OTC and share trading in February, and new customers were added, yet the value of

The Mitsubishi UFJ (MUFJ) operated subsidiary Kabu.com, which is one of more than 25 subsidiaries operated by its conglomerate parent company, today released preliminary results for its online trading operations including in foreign exchange (FX), futures and options related volumes for February 2016.

The preliminary results showed that in February FX volumes were higher along with volumes of share trading when compared to the previous month, as the extra trading day in February helped add to the total for Kabu.

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Trading volumes from the broker’s OTC FX business climbed from 45.919 trillion yen (406 billion USD) in January by 7.6 trillion yen (67.25 billion USD), reaching 53.522 trillion yen (473 billion USD) in February, a 16.5% rise in FX volumes MoM.

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The number of client accounts grew from 991,794 in January to 997,531 in February, up by 5,737 accounts or nearly 6 tenths of a percent MoM. The number of OTC FX accounts grew from 81,680 in January to 82,389 in February, a rise of almost 1 percent or 709 accounts. 

The value of stock trading volumes increased from 2.06 trillion yen in January to nearly 2.33 trillion yen in February, a 12.6 percent rise, or 261,458,000,000 yen to be exact. However, the amount of assets held (market value) under the broker’s custody fell from 1.986 trillion yen (roughly 17.5 billion USD) in January to 1.861 trillion yen (16.46 billion USD) in February, lower by 12.45 billion yen – a nearly 6.2% decline.

The consolidated subsidiary was started in 1999, and has nearly JPY 7.2 billion in capital, according to a description listed on the MUFJ parent company website.

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