Kabu Beats August Lull, Sees MoM Uptick in OTC FX Trading

Unlike a range of trading providers, online securities brokerage Kabu has managed to report an uptick across its key metrics for the month of August across foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) and stock trading.

Today, the Japanese broker has published its business metrics for the month of August. According to the figures, Kabu has seen an increase in the over the counter (OTC) forex monthly trading value recorded on its platform.

In particular, the OTC FX monthly trading value was ¥2.18 trillion for the month of August. This is stronger than the previous month, which posted a monthly trading value of ¥2.13 trillion, by 2.1 per cent.

Whilst stronger than the monthly trading value achieved in July, overall, Kabu’s monthly FX trading value was lower. Since March of this year, August’s figure is only in front of May and July.

The monthly trading value of stocks also increased on a monthly comparison, rising from ¥2.36 trillion in July to reach ¥2.52 trillion in August. This translates to a 6.6 per cent monthly growth.

Across the month of August, 6,621 new securities accounts were opened on the online brokerage, bringing the total number of accounts to 1,184,528. The number of newly opened accounts across the broker was 7,386, which is 205 more than the previous month.

Kabu Beats Industry Trend

Kabu’s metrics for August stand out against other trading providers, as it is one of the few brokers to actually post a month on month uptick in August. As Finance Magnates reported, FXSpotStream LLC, Euronext FX, the Tokyo Financial Exchange Inc. and more all reported declining forex volumes in August.

However, Kabu is not alone in going against the general trend. As Finance Magnates analysed, currency trading on Integral’s trading platforms rose more than 15 per cent in August 2020 from a year earlier, as increased Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term across financial markets led to greater activity on the institutional FX venue, the company said.