Kabu’s FX and Options Volumes Plunge in March
Posted: Sun Apr 03, 2016 6:20 am
Kabu.com, a subsidiary of Mitsubishi UFJ (MUFJ) has disclosed its preliminary results for its trading volumes, including foreign exchange (FX), futures, and options for the month ending March 2016, which incurred a notable decline across the board with these trading instruments, according to a recent Kabu.com release.
During March 2016, Kabu’s FX and contract-for-difference (CFD) volumes were unable to orchestrate a consecutive monthly growth, instead paring all of last month’s gains and diving to just ¥47billion ($421 million) – this corresponded to a MoM loss of -44.7% from ¥26 billion ($233 million) in February 2016.
In addition, the group’s futures and options business experienced a similar ... (read more)