Kabu Reports Drop in FX & Futures Trading Price in February
- The monthly trading storefront FX trading price fell by more than 50 per cent month-on-month.
Kabu, an online securities broker, has disclosed its preliminary monthly operating figures for February of 2019. Following on from January’s mixed results, February has also posted uneven figures.
During February there were 19 trading days – the same as in January and also December of 2018. Because of this, any changes on a month-on-month basis are not due to extra or less trading days during the month, despite February being a shorter month overall.
Kabu, which is a subsidiary of the Mitsubishi UFJ Financial Group, saw the number of its securities accounts grow by 2,606 accounts or a slight increase of 0.23 percent, to reach 1,115,687 accounts.
Taking a look at the average stocks monthly trading price, February’s result was up on a month-on-month comparison, coming in at ¥19.7 trillion ($175.97 billion). This is an increase of 15.5 percent from January, which had an average trading price of ¥17.03 trillion.
Stocks Up, FX and Futures Down on Kabu
Although the monthly trading price for stocks was up on Kabu, trading prices for futures and storefront foreign exchange (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) fell when measured against January. Specifically, the futures monthly trading price, which is based on the sum of Nikkei 225 futures and Nikkei 225 mini contracts, was ¥22.5 billion, down 2.7 percent.
The monthly trading storefront FX trading price, or over-the-counter (OTC) Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term price, was ¥13.15 billion in February. When compared with the previous month, which had a trading price of ¥31.54 billion, this is down by 58.29 percent, or ¥18.39 billion.
During the month of February, the monthly trading price for financial instruments brokerage stock was ¥752 billion. This is a solid uptick of ¥197 billion month-on-month or 35.5 percent, completely reversing January’s loss, which was the lowest figure the broker has reported in at least the past six months.
Kabu, an online securities broker, has disclosed its preliminary monthly operating figures for February of 2019. Following on from January’s mixed results, February has also posted uneven figures.
During February there were 19 trading days – the same as in January and also December of 2018. Because of this, any changes on a month-on-month basis are not due to extra or less trading days during the month, despite February being a shorter month overall.
Kabu, which is a subsidiary of the Mitsubishi UFJ Financial Group, saw the number of its securities accounts grow by 2,606 accounts or a slight increase of 0.23 percent, to reach 1,115,687 accounts.
Taking a look at the average stocks monthly trading price, February’s result was up on a month-on-month comparison, coming in at ¥19.7 trillion ($175.97 billion). This is an increase of 15.5 percent from January, which had an average trading price of ¥17.03 trillion.
Stocks Up, FX and Futures Down on Kabu
Although the monthly trading price for stocks was up on Kabu, trading prices for futures and storefront foreign exchange (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) fell when measured against January. Specifically, the futures monthly trading price, which is based on the sum of Nikkei 225 futures and Nikkei 225 mini contracts, was ¥22.5 billion, down 2.7 percent.
The monthly trading storefront FX trading price, or over-the-counter (OTC) Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term price, was ¥13.15 billion in February. When compared with the previous month, which had a trading price of ¥31.54 billion, this is down by 58.29 percent, or ¥18.39 billion.
During the month of February, the monthly trading price for financial instruments brokerage stock was ¥752 billion. This is a solid uptick of ¥197 billion month-on-month or 35.5 percent, completely reversing January’s loss, which was the lowest figure the broker has reported in at least the past six months.