Japanese online securities brokerage has maintained its uptrend across various metrics across foreign exchange (forex) and stock trading as it published its trading numbers of the month of September.
According to the numbers posted by the broker, it has seen a in its over-the-counter (OTC) forex trading with a month-on-month increase of 40.4 percent. In absolute terms, September’s OTC FX trading volume stood at ¥3.06 trillion.
This is the highest monthly forex trading volume reported by the brokerage after it saw a record windfall increase in the market actively in March due to the COVID-19 turmoil. However, that growth could not be sustained as in April, the volumes dropped by over 55.8 percent.
The spiking trend was seen across the trading market with sudden volatility, but now the market is seeing a healthy recovery.
When compared year-on-year, Kabu saw an FX volumetric increase of more than 31 percent last month.
The increase in the activity was not limited to the FX market as the monthly trading volume of securities also took a solid jump. In September, the monthly trading volume of stocks was recorded at ¥2.7 trillion, while it was ¥2.5 trillion in the previous month. That was an 8 percent month-on-month uptick.
New Traders Entering the Market
The brokerage is additionally seeing more interest from new traders as 8,318 new accounts were opened with it in September.
Meanwhile, other global brokerages are reporting a significant rise in their volumes as well. Finance Magnates reported yesterday that of Integral and Euronext both reported solid September volumes, while just fell short of setting another Daily Average Revenue Trades (DARTs) record.
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