Kabu Sees Monthly Marginal Decline in September FX Trading
- The platform reported a 26.5 percent rise in yearly demand in forex markets.
Kabu, a major Japanese brokerage, published its trading metrics for September 2021, reporting a marginal decline in the over-the-counter (OTC) 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 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 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 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.
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.
Kabu, a major Japanese brokerage, published its trading metrics for September 2021, reporting a marginal decline in the over-the-counter (OTC) 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 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 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 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.
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.