Kabu Sees Solid MoM Uptick in September OTC FX Volume

Japanese online securities brokerage Kabu has maintained its uptrend across various metrics across 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) and stock trading as it published its trading numbers of the month of September.

According to the numbers posted by the broker, it has seen a significant jump in its 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 with a month-on-month increase of 40.4 percent. In absolute terms, September’s OTC FX trading volume stood at ¥3.06 trillion.

This is the highest monthly forex trading volume reported by the brokerage after it saw a record windfall increase in the market actively in March due to the COVID-19 turmoil. However, that growth could not be sustained as in April, the volumes dropped by over 55.8 percent.

The spiking trend was seen across the trading market with sudden volatility, but now the market is seeing a healthy recovery.

When compared year-on-year, Kabu saw an FX volumetric increase of more than 31 percent last month.

The increase in the activity was not limited to the FX market as the monthly trading volume of securities also took a solid jump. In September, the monthly trading volume of stocks was recorded at ¥2.7 trillion, while it was ¥2.5 trillion in the previous month. That was an 8 percent month-on-month uptick.

New Traders Entering the Market

The brokerage is additionally seeing more interest from new traders as 8,318 new accounts were opened with it in September.

Meanwhile, other global brokerages are reporting a significant rise in their volumes as well. Finance Magnates reported yesterday that FX venues of Integral and Euronext both reported solid September volumes, while Interactive Brokers just fell short of setting another Daily Average Revenue Trades (DARTs) record.