The Japan Exchange Group (JPX), which operates multiple securities exchanges including the Tokyo Stock Exchange and the Osaka Securities Exchange, has reported its monthly trading volumes for September 2017, which added to the previous month’s gains.
The JPX reported an average daily volume (ADV) for the Tokyo Stock Exchange at JPY 2.82 trillion ($25.0 billion), a jump of 15.6 percent month-over-month from $22.18 billion (JPY 2.4411 trillion) in August 2017. This is also a gain of 22.8 percent year-over-year.
The strong figures were not primarily driven by an increase in trading activity – 39.0 billion shares per day were reported compared to 39.8 billion shares in August 2017, or -2.0 percent month-over-month. Across a yearly interval, this figure reflects a 4.7 percent decrease, from 41 billion contracts.
In terms of exchange-traded-funds (ETFs), the monthly trading value at the JPX yielded a figure of JPY 2.74 trillion ($24.3 billion) in September 2017, which amounts to an 8.8 percent month-over-month rise. However, ETFs turnover also experienced a notable loss compared to a year earlier, dropping 16 percent in September 2016.
The JPX also saw a strong monthly performance across its derivatives trading, corresponding to a total trading volume of 28.43 million contracts in September 2017. The figure jumped 23 percent from 25.1 million contracts in August 2017, compounded by a 18.6 percent increase on a year-over-year basis.
Moreover, total derivatives trading at the JPX registered a value of JPY 293.96 trillion ($2.6 trillion) in September 2017, which correlates to nearly 70 percent month-over-month and 39 percent year-over-year.