On Thursday, the Japan Exchange Group (JPX) released its trading results for October of this year. The exchange operator, which owns the Tokyo Stock Exchange and Osaka Securities Exchange, saw a dramatic year-on-year increase in derivatives trading last month.
Alongside that was a significant increase in exchange traded fund (ETF) trading volumes. Last October, JPX reported ETF trading volumes were equal to ¥3.73 trillion ($33 billion).
For the same period this year, the ETF trading volume grew to approximately ¥7.18 trillion ($64 billion). That was a 92.5 percent year on year increase.
What Does 2021 Hold for the Markets? HYCM CEO SpeaksGo to article >>
JPX Derivatives Explosion
In the domestic stock market, trading increased on last year but less dramatically. JPX’s report indicates that this year, average daily trading in domestic stocks was around ¥3.33 trillion ($29 billion).
For October of 2017, the exchange operator reported an average daily trading volume in domestic stocks of ¥3.11 trillion ($28 billion). Having the mathematically astute readership that we do here at Finance Magnates, you probably already know that means this year saw a seven percent increase on the last.
In the derivatives markets, things were also very positive for JPX. The firm reported a total trading volume of ¥305 trillion ($2.7 trillion) for October of this year.
That was a huge, 46.6 percent increase on last October. In its report for October of 2017, JPX reported a total derivatives trading volume of ¥208 trillion ($1.84 trillion).