JPX Contines Lackluster Results in February, Derivatives Volumes Fall

Derivatives and stocks trading volume and value both fell during the month of February.

The Japan Exchange Group (JPX), which operates multiple securities exchanges including the Tokyo Stock Exchange and the Osaka Securities Exchange, has reported its monthly ‎trading volumes for February of 2019.

Following on from January’s results, which recorded a slump after months of healthy trading gains on the exchange, February has continued on this lackluster trend, with derivatives and stocks trading volume and value falling.

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Specifically, the number of derivatives contracts traded during the month of February was 25,593,715 contracts. When compared to the previous month, which also recorded a fall in the number of contracts traded, this is down by 9.6 percent.

When measured against the same month of the prior year, February 2018, the number of contracts traded was 14,465,442 less or 36.1 percent. The average daily volume for the past month was 1,347,038.

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In terms of trading value, the results don’t look much better. In February, the trading value for derivatives was ¥189.2 trillion (around $1.7 billion). This is down on both a monthly (-4.8 percent) and yearly (-27.3 percent) comparison.

During the month of February, the Nikkei 225 mini had a total trading volume of 18,593,524 contracts, which translates to a daily average of 978,607 contracts. When compared to January this is 11.2 percent less, and on a yearly comparison, February’s figure has fallen by 36.2 percent.

ETFs Follow Downward Trend on JPX

Moving on to exchange-traded funds (ETFs), the picture does not look much brighter. During the month, trading volume came in at 769,249 contracts, which is an average daily volume of 40,487. This is a decline of 15.8 percent month-on-month and 44.1 percent year-on-year.

Trading value for ETFs follows a similar trend. During February, trading value for the segment was ¥3.3 trillion. When measuring this figure against that achieved in January, it is 10.8 percent less.

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