Kabu Sees Solid MoM Uptick in September 

Kabu has maintained its uptrend across various metrics across foreign exchange and stock trading.  The Japanese online securities brokerage published its trading numbers of the month of September.

It has seen a significant jump in its over-the-counter forex trading with a month-on-month increase of 40.4%. According to the numbers posted, September’s OTC FX trading volume stood at ¥3.06 trillion in absolute terms.

It was the highest monthly forex trading volume reported by the firm. This was after it saw a record windfall gain in the market actively in March due to the coronavirus turmoil. But that growth could not be sustained as the volumes declined more than 55.8% in April.

The spiking trend was seen across the trading market with sudden volatility. But now the market is seeing a healthy recovery.

Kabu saw an FX volumetric uptick of over 31% in September when compared year-on-year.

The increase in the activity was not limited to the FX market. 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. It was ¥2.5 trillion in the previous month, an 8% month-on-month uptick.

New Traders Joining the Market

Kabu is additionally seeing more interest from new traders with 8,318 new accounts opening with it in September.

At the same time, other global brokerages are reporting a significant rise in their volumes as well. Reports yesterday said that FX venues of Integral and Euronext both reported solid September volumes. Interactive Brokers just fell short of setting another Daily Average Revenue Trades (DARTs) record.

With that, the brokerage industry as a whole is showing a similar growth trend.