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.
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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, including Japanese venues, saw their volumes ticking higher in the new year’s first month.
