Kabu Reports Weak FX and Options Volumes in April 2017

Kabu Reports Weak FX and Options Volumes in April 2017

Kabu.com, a subsidiary of Mitsubishi UFJ (MUFJ), has reported its preliminary results for its trading volumes and metrics for April 2017. The latest results encompass both futures and options and incurred a sizable month-over-month decline, according to a corporate statement.

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During April 2017, Kabu’s futures and options volumes were unable to build on consecutive monthly growth, which had seen a rebound in the month prior. Volumes for April 2017 came in at ¥37.4 billion ($333.5 million), falling -6.5 percent month-over-month from ¥39.9 billion ($356.5 million) reported back in March 2017.

Furthermore, over-the-counter (OTC) FX trading accounts notched a marginal climb by less than 1 percent in April 2017, inching higher to 89,344 accounts, virtually unchanged month-over-month from 88,968 in March 2017.

The declines in each of these segments were the result of a declining volatility – the trend was somewhat universal as most exchanges, including Japanese venues, saw their volumes ticking lower in April, which didn’t react to any major market drivers.

Source: Finance Magnates

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