Kabu.com, a subsidiary of Mitsubishi UFJ (MUFJ), has reported its preliminary results for its trading volumes and metrics for February 2017. The latest results encompass both futures and options and incurred a sizable month-over-month decline, paring all of its recent gains so far in 2017, per a recent Kabu.com release.
During February 2017, Kabu’s futures and options volumes were unable to build on consecutive monthly growth, which had seen an upward trending movement in recent months. Volumes for February 2016 came in at ¥34.1 billion ($298.3 million) falling relative to January 2017, which recorded ¥49.6 billion ($434.2 million) – this correlated to a fall of -31.2 percent month-over-month.
One Mobile Trading App to Rule them All: Introducing eFXGO!Go to article >>
Furthermore, over-the-counter (OTC) FX trading accounts also notched a marginal climb in February 2017, inching higher to 88,499 accounts, virtually unchanged month-over-month from 88,044 in January 2017.
The declines in each of these segments were the result of a declining volatility – the trend was somewhat universal as most exchanges saw their volumes ticking lower in February, which lacked any major market drivers.