Japan Exchange Group (JPX), operator of the Tokyo Stock Exchange (TSE) cash equity market, and Osaka Exchange which provides derivatives trading, today reported May 2016 trading results with volume totals mostly declining month-over-month compared to April.
For the 19 trading days at JPX in May, there were over 48.2 billion shares traded in its domestic cash equities markets, but this was lower by 17% or by nearly 9.9 billion shares compared to April.
Pullback amid strong financials
JPX highlighted in a statement that its ETF market had its twelfth consecutive month above the 4 trillion threshold, even though the 4.31 trillion reported for May was lower by 31.3% from the previous month.
The company had reported its financial results for its most recent year that ended March 31st 2016, as highlighted by Finance Magnates in a related post that detailed how JPX’s revenues had surged on a year-over-year basis.
Sharp dip from April
Trading in May across all products within the derivatives category totaled nearly 20.35 million units, with a combined notional value of more than 121 trillion yen, and also lower by 29.6% and 26.6% respectively, compared to April’s totals.
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Mostly broad declines were reported across futures derivatives trading products for the month of May by JPX, except for increases in Topix core 30 index futures, and mini 10-year JGB futures, whereas the twelve other products experienced decreases in this segment compared to April.
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Nikkei contracts lead volume decline
The largest volumes reported in the futures segment consisted of Nikkei 225 mini contracts, with over 24.33 trillion yen traded in May, across nearly 14.7 million units (from the total number of contracts). However this was lower by nearly 30% in terms of both volumes and overall value.
The options trading segment showed mixed results across its five products, consisting mostly of volumes in the Nikkei 225 options contract which experienced a decline in volumes of 27% compared to April as May volume totaled nearly 2.2 million units for TFX’s most popular index options contract.