Trading Slumps on Kabu in September, Reversing August Gains
- The OTC forex trading value and futures trading value both fell on a month-on-month comparison.
After experiencing an uptick in August, Kabu is the latest trading provider to report a drop in performance during the month of September, with the online securities broker publishing its preliminary monthly business metrics this Wednesday.
During the month of September, Kabu noted an uptick in the number of securities accounts, rising by 2,396 accounts to reach 1,131,074 accounts. The number of newly opened accounts was 2,681, which was 35 fewer accounts than the previous month.
As Finance Magnates reported, in August, Kabu saw an uptick in trading month-on-month across many of its segments, despite there being one less trading day in August than there was in the previous month.
The same cannot be said for the month of September, where almost all of its segments experienced a drop. Namely, the over-the-counter (OTC) monthly 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) trading value came in at just under ¥2.0 trillion ($185.8 billion).
OTC FX trading falls on Kabu
When measuring this against August’s OTC FX trading value of ¥2.64 trillion, which was the strongest value achieved so far this year, last month’s figure has fallen by 24.3 percent month-on-month.
Following in the footsteps of FX, the futures monthly trading value also dropped on a monthly comparison. Specifically, the futures monthly traded value declined by 35.3 percent, falling from ¥3.6 trillion in August down to ¥2.3 trillion in September.
However, Kabu did manage to achieve a month-on-month uptick in the monthly trading value of stocks. Last month, the Japanese broker posted a trading value of ¥1.7 trillion, which has risen by 8.2 percent from August’s value of ¥1.6 trillion.
Taking a look at Kabu’s B2B2C results, the number of financial product brokerage accounts grew by 460 to reach 82,648 accounts by the end of September. During the month, the ASP OTC FX monthly trading value for the month was ¥318.1 billion. When weighing this against the previous month, it has fallen by 31.3 percent.
After experiencing an uptick in August, Kabu is the latest trading provider to report a drop in performance during the month of September, with the online securities broker publishing its preliminary monthly business metrics this Wednesday.
During the month of September, Kabu noted an uptick in the number of securities accounts, rising by 2,396 accounts to reach 1,131,074 accounts. The number of newly opened accounts was 2,681, which was 35 fewer accounts than the previous month.
As Finance Magnates reported, in August, Kabu saw an uptick in trading month-on-month across many of its segments, despite there being one less trading day in August than there was in the previous month.
The same cannot be said for the month of September, where almost all of its segments experienced a drop. Namely, the over-the-counter (OTC) monthly 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) trading value came in at just under ¥2.0 trillion ($185.8 billion).
OTC FX trading falls on Kabu
When measuring this against August’s OTC FX trading value of ¥2.64 trillion, which was the strongest value achieved so far this year, last month’s figure has fallen by 24.3 percent month-on-month.
Following in the footsteps of FX, the futures monthly trading value also dropped on a monthly comparison. Specifically, the futures monthly traded value declined by 35.3 percent, falling from ¥3.6 trillion in August down to ¥2.3 trillion in September.
However, Kabu did manage to achieve a month-on-month uptick in the monthly trading value of stocks. Last month, the Japanese broker posted a trading value of ¥1.7 trillion, which has risen by 8.2 percent from August’s value of ¥1.6 trillion.
Taking a look at Kabu’s B2B2C results, the number of financial product brokerage accounts grew by 460 to reach 82,648 accounts by the end of September. During the month, the ASP OTC FX monthly trading value for the month was ¥318.1 billion. When weighing this against the previous month, it has fallen by 31.3 percent.