Kabu, a major Japanese brokerage, published its trading metrics for September 2021, reporting a marginal decline in the over-the-counter (OTC) forex transactions. Total trading volume for the month came in at 38.7 billion yen, which is 1.12 percent lower than the demand in the previous month.
However, the latest forex trading figures are significantly higher when compared with the same month a year ago. According to the previous disclosures of the brokerage, Kabu handled 30.6 billion yen worth of the forex volumes in September 2020. This made a year-over-year gain of 26.5 percent for the latest month.
Kabu is one of the top Japanese brokers and offers trading with both forex and securities. Unlike forex, the monthly trading volume of stocks surged by more than 38 percent, a significant upward drag when compared with figures from past months.
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Additionally, there was an upsurge in the number of newly opened accounts, 10,940 new brokerage accounts were opened with the Japanese platform last month. This took the total number of securities account with kabu to 1.33 million.
Market Demand Is Rising
Meanwhile, other trading platforms witnessed a great recovery in the forex trading demand. FXSpotStream last month hit $1.06 trillion in total trading volumes, while Cboe FX Markets witnessed an 18.5 percent surge in forex volumes. Integral, a forex industry technology provider, also reported a marginal 1.6 percent monthly uptick in trading volume.
Coming to the Japanese platform again, it closed the month with little more than 27 billion yen in assets under custody, which is almost similar to the previous month’s figure despite the significant upsurge in the securities trading. It had a credit balance of 2.8 billion.