Kabu.com, a subsidiary of Mitsubishi UFJ (MUFJ), has reported its preliminary results for its trading volumes and metrics for the first month of 2017. The results encompass both futures and options and scored a sizable month-over-month climb to kick off the new year off on a positive note, per a recent Kabu.com release.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
Forex Trading Disruptor Sees Growth Thanks to Offshore Regulated StatusGo to article >>
During January 2017, Kabu’s futures and options volumes were able to once again build on consecutive monthly growth, which has now been the case for three months in a row since October 2016. Volumes for January 2016 came in at ¥49.6 billion ($441.5 million) besting the December 2016 results of ¥43.1 billion ($383.8 million) by 15.1 percent.
Moreover, over-the-counter (OTC) FX trading accounts also notched a tepid rise, edging higher to 88,044, up from 87,551 in December 2016, which corresponded to less than 1.0 percent month-over-month.
The growth in each of these segments was helped by the return of trading volatility across worldwide markets – a factor that had been noticeably absent in December due to seasonal slowdowns in market volatility. The markets have been more dynamic in January with Donald Trump taking office in the United States, which has helped contribute to several currency movements.