MUFJ Financial Group Subsidiary, Kabu Securities Reports Mixed Operational Metrics for February 2019

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

MUFJ Financial Group Subsidiary, Kabu Securities Reports Mixed Operational Metrics for February 2019

March 4, 2019

February 2019Tokyo-based online securities broker, Kabu and subsidiary of the financial giant Mitsubishi UFJ Financial Group has released its monthly operating figures for the month of February 2019. Overall, the figures reported were mixed in nature, following the trends of January 2019.

In the month of February, there was a total of 19 trading days, similar to that of January and December month, so the comparison between months can easily be established. Total securities account grew slightly by 0.23 per cent or 2,606 accounts to reach 1,115,687 accounts.  The average stocks monthly trading price during the month of February was ¥19.7 trillion ($175.97 billion), which is a 15.5 per cent increase from January month which had an average trading price of ¥17.03 trillion. 

The futures monthly trading price based on the sum of Nikkei 225 futures and Nikkei 225 mini contracts was ¥22.5 billion, reporting a 2.7 per cent decline. The monthly over-the-counter (OTC) forex trading price was ¥13.15 billion in February, which is 58.29 per cent or ¥18.39 billion lower from ¥31.54 billion. 

The monthly trading price for financial instruments brokerage stock was  ¥752 billion, registering a strong uptick of 35.5 per cent month-on-month, completely reversing the trend of the past six months.

FXSpotStream February 2019 Trading Volume Figures

FXSpotStream’s trading venue, LiquidityMatch LLC has witnessed a drop in trading volumes in February. The company reported an ADV of $34.8 billion, which is 9.2 per cent lower from $38.3 billion in January 2019. But, across yearly timeframe, the figure is 20 per cent higher from $28.8 billion. 

Total trading volume in the month of February reported at $696 billion, which is 17 per cent lower from $844 ‎billion in January 2019. Huge difference in the trading volume can be explained by the fewer number of trading days, i.e. 20 days compared to 22 days in January 2019. 

FastMatch February 2019 Operational Metrics

FastMatch also reported a decline in trading volume across the monthly timeframe, with total trading volume for the month of February coming in at $363 billion, which is 17 per cent decline from $441 billion in January 2019. 

The average daily trading volume was also lower month-on-month by 7.5 per cent and is 14 per cent lower compared to February last month.

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