The company posts strong improvement in volumes when compared to August, which was dull due to holidays.
Kabu, a Mitsubishi UFJ subsidiary, has announced its preliminary monthly business figures for the month of September 2017. The total number of accounts increased month-on-month, but the number of active accounts remained almost the same.
The number of newly opened accounts increased by 750 in September, which was an increase of 16.9 percent over August. Though the number of new accounts rose, the number of active accounts remained almost stagnant at 537,105, 15 fewer accounts than the previous month.
This shows that the number of clients trading on the platform remained almost constant, despite the end of the Japanese holidays.
The number of futures/options accounts rose by 152, an increase of just 0.2 percent month-on-month.
Though the active accounts remained constant, volumes showed a large increase, coming in at $19.16 billion (2108.56 billion yen) in September, which was an increase of 8.9 percent month-on-month.
This could be due to the fact that September marked the end of the holidays, hence traders were much more active during this month. We also saw the yen weakening during this month and increased Volatility would have encouraged the more trading.
The average number of daily contracts rose 8.8 percent to 112,578 during September 2017 which is also in line with the increase in the overall trading volume.
Kabu, a Mitsubishi UFJ subsidiary, has announced its preliminary monthly business figures for the month of September 2017. The total number of accounts increased month-on-month, but the number of active accounts remained almost the same.
The number of newly opened accounts increased by 750 in September, which was an increase of 16.9 percent over August. Though the number of new accounts rose, the number of active accounts remained almost stagnant at 537,105, 15 fewer accounts than the previous month.
This shows that the number of clients trading on the platform remained almost constant, despite the end of the Japanese holidays.
The number of futures/options accounts rose by 152, an increase of just 0.2 percent month-on-month.
Though the active accounts remained constant, volumes showed a large increase, coming in at $19.16 billion (2108.56 billion yen) in September, which was an increase of 8.9 percent month-on-month.
This could be due to the fact that September marked the end of the holidays, hence traders were much more active during this month. We also saw the yen weakening during this month and increased Volatility would have encouraged the more trading.
The average number of daily contracts rose 8.8 percent to 112,578 during September 2017 which is also in line with the increase in the overall trading volume.
T+1 Securities Settlement Looms: Why Automating FX Processes Becomes Key in Managing Risks
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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