Kabu.com, a subsidiary of Mitsubishi UFJ (MUFJ), has reported its preliminary results for its trading volumes and metrics for January 2018. The latest results encompass both futures and options and orchestrated a healthy month-over-month rebound, according to a corporate statement.
During January 2018, Kabu’s FX volumes were able to finally snap out of a consecutive monthly decline, which had seen a downward trending movement in recent months, due in part to a lack of market drivers and lower volatility. Volumes for January 2018 came in at ¥28.5 billion ($259 million), up 32.0 percent month-over-month from ¥21.5 billion ($195 million) reported back in December 2017.
Furthermore, over-the-counter (OTC) FX trading accounts notched a marginal climb by less than 1 percent in January 2018, inching higher to 92,705 accounts, virtually unchanged month-over-month from 92,384 in December 2017.
The recent growth on a month-over-month basis in each of these segments was the result of growing volatility, which gradually woke the markets last month. The trend was somewhat universal as most exchanges, , saw their volumes ticking higher in the new year’s first month.
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