Kabu Reports Weak Metrics in June, OTC FX Trading Value Falls
- Overall, the securities broker reported weak business metrics during the month.
Kabu, an online securities broker, has published its preliminary monthly business data for June. During the month, the firm has again recorded weak results, a feature which has weighed on the broker for most of this year.
Although the number of accounts did increase during June, the growth of accounts was slower on a month-on-month comparison. In June, the number of newly opened accounts was 2,761. This is 105 fewer accounts than what was opened in May of this year.
FX OTC Trading Value Falls in June for Kabu
Despite the fact that there was one extra trading day in June than there was in May, overall trading appeared to be lackluster for the securities firm. The over-the-counter (OTC) month 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) trading value came in at ¥17.3 trillion ($159.8 billion).
Although this might seem like a solid figure, it is actually down by 13.1 percent or ¥2.6 trillion from the ¥19.9 trillion trading value reported during May, the second strongest monthly figure achieved so far this year, behind January.
The futures monthly trading value also fell on a month-on-month comparison. Specifically, the total value was ¥24.4 trillion during June. This is lower by ¥4.2 trillion from the ¥28.6 trillion recorded in May, which was also the highest monthly figure achieved so far this year.
The monthly share turnover for Kabu was also down in June. During the month, it fell by ¥1.5 trillion from ¥16.0 trillion in May down to ¥14.5 trillion last month.
Taking a look at Kabu’s B2B2C results, the number of financial product brokerage accounts grew by 303 to reach 81,401 accounts by the end of June. Nonetheless, the ASP OTC FX monthly trading value for June was ¥2.9 trillion, which is lower by ¥768 billion month-on-month.
Kabu, an online securities broker, has published its preliminary monthly business data for June. During the month, the firm has again recorded weak results, a feature which has weighed on the broker for most of this year.
Although the number of accounts did increase during June, the growth of accounts was slower on a month-on-month comparison. In June, the number of newly opened accounts was 2,761. This is 105 fewer accounts than what was opened in May of this year.
FX OTC Trading Value Falls in June for Kabu
Despite the fact that there was one extra trading day in June than there was in May, overall trading appeared to be lackluster for the securities firm. The over-the-counter (OTC) month 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) trading value came in at ¥17.3 trillion ($159.8 billion).
Although this might seem like a solid figure, it is actually down by 13.1 percent or ¥2.6 trillion from the ¥19.9 trillion trading value reported during May, the second strongest monthly figure achieved so far this year, behind January.
The futures monthly trading value also fell on a month-on-month comparison. Specifically, the total value was ¥24.4 trillion during June. This is lower by ¥4.2 trillion from the ¥28.6 trillion recorded in May, which was also the highest monthly figure achieved so far this year.
The monthly share turnover for Kabu was also down in June. During the month, it fell by ¥1.5 trillion from ¥16.0 trillion in May down to ¥14.5 trillion last month.
Taking a look at Kabu’s B2B2C results, the number of financial product brokerage accounts grew by 303 to reach 81,401 accounts by the end of June. Nonetheless, the ASP OTC FX monthly trading value for June was ¥2.9 trillion, which is lower by ¥768 billion month-on-month.