Capo, a major Japanese broker, published its trading metrics for September 2021, reporting a marginal drop in over-the-counter (OTC) forex transactions. The total volume for the month was 38.7 billion yen, which was 1.12 percent lower than the previous month’s demand.
However, the latest forex trading numbers are much higher when compared to the same month last year. According to the brokerage’s previous disclosures, Kabo handled 30.6 billion yen worth of forex trading volumes in September 2020. This posted a 26.5 percent annual gain for the most recent month.
Kabo is one of the best Japanese brokers and offers trading with both forex and stock. In contrast to forex, monthly trading volume for stocks is up more than 38 percent, a significant drop in the upside compared to the numbers for the past several months.
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In addition, there was a rise in the number of newly opened accounts, with 10,940 new brokerage accounts opened with the Japanese platform last month. This brings the total number of stock accounts with kabu to 1.33 million.
Market demand is rising
Meanwhile, other trading platforms have seen a significant rebound in the demand for forex trading. FXSpotStream’s total trading volume last month was $1.06 trillion, while Cboe FX Markets saw an 18.5 percent rise in FX trading volumes. Integral, a provider of forex industry technology, also reported a marginal rise of 1.6% per month in trading volume.
Returning to the Japanese platform again, it closed out the month with just over 27 billion yen in assets held, roughly the same as the previous month’s figure despite a significant rise in stock trading. She had a credit score of 2.8 billion.