Japan’s JPX Sees October 2016 Trading Volumes Tick Lower

Metrics for October 2016 were emblematic of a lagging performance across several segments.

Japan Exchange Group (JPX), which operates multiple securities exchanges including Tokyo Stock Exchange and Osaka Securities Exchange, has reported its monthly ‎trading volumes for October 2016, which took a step back, ultimately paring the previous ‎month’s gains.

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During the month of October 2016, JPX reported an average daily volume (ADV) for the Tokyo Stock Exchange ‎at JPY 2.2559 trillion ($21.49 billion), which represents a move lower over a monthly timeframe, as volumes incurred a ‎fall of -1.8% MoM from JPY 2.2988 trillion ($21.90 billion) back in September 2016. In addition, the latest figures constitute a drop of -15.9 percent YoY in terms of volumes from October 2015 which came in at JPY 2.6814 trillion ($25.55 billion).‎

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The weak figures were primarily driven by a drop in trading activity, having reported a figure of 48.1 billion shares, compared to 48.8 billion shares in September 2016 or -1.6% MoM. Across a yearly interval, the latest figures also reflect a -19.2 percent decrease from 59.6 billion contracts in October 2015.

In terms of exchange-traded-funds (ETFs), the monthly trading value at the JPX yielded a figure of JPY 2.7889 trillion ($25.55 billion) in October 2016, which amounts to a -14.9% MoM decrease from JPY 3.2771 trillion ($31.23 billion) in September 2016. Volumes also experienced a strong loss during the month, dropping to 584 million shares in October 2016 from 731 million in September 2016.

The JPX also saw a weak monthly performance across its derivatives trading, corresponding to a total trading volume of 19.09 million contracts in October 2016. The figure retreated -20.1% MoM from 23.977 million contracts in September 2016.

Moreover, total derivatives trading at the JPX registered a value of JPY 118 trillion ($1.12 trillion) in October 2016, which correlates to a decline of -27.6% YoY from JPY 163 trillion ($1.55 trillion) in October 2015.

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