February is proving to be a good month for trading volumes, with brokerages and trading providers largely reporting , with some even . Today, however, Kabu has published its business metrics for the month, which show a mixed picture.
In particular, whilst has overall seen growth in trading values, the in-store monthly foreign exchange (forex) trading value was ¥3.29 trillion. This is lower than the previous month by 3.2 per cent.
As , the FX trading value declined consecutively during September, October and November of last year, with December producing the first uptick since August. January was then able to continue this momentum. However, it seems January has once again dropped the ball.
Kabu’s figure is interesting, as many trading providers all achieved solid trading volumes last month, with some even seeing record figures, such as , which hit fresh records during the month.
Kabu reports uptick in stocks trading
The monthly trading value of stocks, however, managed to increase by 10.6 per cent, climbing from ¥1.86 trillion in January of 2020, up to ¥2.1 trillion in February of this year.
The futures monthly trading value for February was ¥4.6 trillion. When measuring this against the previous month, which had a trading value of ¥3.1 trillion, it has increased by 51.0 per cent.
During the month of February, the number of securities accounts increased by 3,226 accounts, or 0.3 per cent, to reach 1,145,024 accounts during the month. The number of newly opened accounts was 537, bringing the total up to 3,785 accounts.
Taking a look at Kabu’s B2B2C results, the number of financial product brokerage accounts grew by 1,988 to reach 87,121 accounts by the end of February. During the month, the ASP OTC FX monthly trading value for the month was ¥430.0 billion. When weighing this against the previous month, it has risen by 38.9 per cent.
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