Japan Exchange Group Operating Revenues Drop in Second Fiscal Quarter
- JPX’s revenues from trading and clearing services also pointed lower due to decrease in overall trading.
The Japan Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Group (JPX) today has reported its unaudited consolidated results for the second fiscal quarter ending September 30, 2016, which took a step back across a number of key measures, ultimately paring the last quarter’s slight gains.
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During the Q2 FY2016, JPX witnessed a mild drop across multiple key figures and areas of its business. This was seen primarily in the area of its operating revenue, which dropped to $501 million (¥52.882 billion) during the reported period, having declined -8.7% YoY from $549.81 million (¥57.952 billion) during the year prior. The decline in revenues was mainly attributed to lower trading volumes and values.
Another area of weakness for the quarter was JPX’s operating expenses which orchestrated a rise up to $242.78 million (¥25.593 billion) in Q2 2016, higher 9.8 percent YoY from $221.07 million (¥23.302 billion) in Q2 2015. This figure was largely influenced by negative impact of accelerated depreciation of the old J-GATE derivatives trading system.
Source: JPX
However, the worst component of its metrics was across its income – with regard to the JPX’s operating income during the second fiscal quarter, the venue reported a figure of $268.09 million (¥28.258 billion) which corresponded to a drop of -19.9% YoY from $334.91 million (¥35.295 billion) for the same period in 2015.
This trend was reiterated across the JPX’s net income for the same period ending September 30, 2016, justifying a figure of $185.95 million (¥19.597 billion) or -17.9% YoY from $226.56 million (¥23.879 billion) during the previous year.
JPX’s earnings per share (EPS) yielded $0.19 (¥21.0) during the Q2 FY2016. This was reflective of no change from the previous year.
Finally, JPX’s revenues from trading services and clearing services also pointed lower during the last quarter due to a YoY decrease in overall trading. By contrast, other revenues reversed the narrative, having yielded year-on-year solid gains due to upticks in Colocation Colocation Colocation concerns the practice of accessing prices a split second faster through direct feeds.This differs from the congregation of data that is generally transferred between two exchanges then displayed on a trader’s computer, mobile device, or tablet. Popularized out of the wake of high-frequency trading, colocation is becoming more sought after as speed continues to prove paramount within the day trading arena and algo trading is on the rise. What Are the Benefits of Colocation?The core adv Colocation concerns the practice of accessing prices a split second faster through direct feeds.This differs from the congregation of data that is generally transferred between two exchanges then displayed on a trader’s computer, mobile device, or tablet. Popularized out of the wake of high-frequency trading, colocation is becoming more sought after as speed continues to prove paramount within the day trading arena and algo trading is on the rise. What Are the Benefits of Colocation?The core adv Read this Term and network usage fees.
The Japan Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Group (JPX) today has reported its unaudited consolidated results for the second fiscal quarter ending September 30, 2016, which took a step back across a number of key measures, ultimately paring the last quarter’s slight gains.
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During the Q2 FY2016, JPX witnessed a mild drop across multiple key figures and areas of its business. This was seen primarily in the area of its operating revenue, which dropped to $501 million (¥52.882 billion) during the reported period, having declined -8.7% YoY from $549.81 million (¥57.952 billion) during the year prior. The decline in revenues was mainly attributed to lower trading volumes and values.
Another area of weakness for the quarter was JPX’s operating expenses which orchestrated a rise up to $242.78 million (¥25.593 billion) in Q2 2016, higher 9.8 percent YoY from $221.07 million (¥23.302 billion) in Q2 2015. This figure was largely influenced by negative impact of accelerated depreciation of the old J-GATE derivatives trading system.
Source: JPX
However, the worst component of its metrics was across its income – with regard to the JPX’s operating income during the second fiscal quarter, the venue reported a figure of $268.09 million (¥28.258 billion) which corresponded to a drop of -19.9% YoY from $334.91 million (¥35.295 billion) for the same period in 2015.
This trend was reiterated across the JPX’s net income for the same period ending September 30, 2016, justifying a figure of $185.95 million (¥19.597 billion) or -17.9% YoY from $226.56 million (¥23.879 billion) during the previous year.
JPX’s earnings per share (EPS) yielded $0.19 (¥21.0) during the Q2 FY2016. This was reflective of no change from the previous year.
Finally, JPX’s revenues from trading services and clearing services also pointed lower during the last quarter due to a YoY decrease in overall trading. By contrast, other revenues reversed the narrative, having yielded year-on-year solid gains due to upticks in Colocation Colocation Colocation concerns the practice of accessing prices a split second faster through direct feeds.This differs from the congregation of data that is generally transferred between two exchanges then displayed on a trader’s computer, mobile device, or tablet. Popularized out of the wake of high-frequency trading, colocation is becoming more sought after as speed continues to prove paramount within the day trading arena and algo trading is on the rise. What Are the Benefits of Colocation?The core adv Colocation concerns the practice of accessing prices a split second faster through direct feeds.This differs from the congregation of data that is generally transferred between two exchanges then displayed on a trader’s computer, mobile device, or tablet. Popularized out of the wake of high-frequency trading, colocation is becoming more sought after as speed continues to prove paramount within the day trading arena and algo trading is on the rise. What Are the Benefits of Colocation?The core adv Read this Term and network usage fees.