Kabu.com, a subsidiary of Mitsubishi UFJ (MUFJ), has disclosed its preliminary results for its trading volumes and metrics for March 2017. The latest results encompass both futures and options and have orchestrated a healthy month-over-month rebound, negating all of its recent losses in this space so far in 2017, per a recent Kabu.com release.
During March 2017, Kabu’s futures and options volumes were able to finally snap out of a consecutive monthly decline, which had seen an downward trending movement in recent months, due in part to a lack of market drivers and lower volatility. Volumes for March 2017 came in at ¥39.9 billion ($361.3 million), a climb of 17.0 percent month-over-month from ¥34.1 billion ($308.8 million) in February 2017.
Market Trading Ideas for May 10-14Go to article >>
Moreover, over-the-counter (OTC) FX trading accounts also notched a marginal climb in March 2017, inching higher to 88,968 accounts, virtually unchanged month-over-month from 88,968 accounts in February 2017 – accounts have been held to a tight consolidation over the past six months.
The recent growth on a month-over-month basis in each of these segments was the result of growing volatility, which gradually woke the markets last month. 2017 has been a mixed bag, not unlike Q1 2016, with oscillating levels of volatility that have certainly been reflected in exchange volumes.