Online trading is ballooning as individual investors jump onto the stock market boom that began emerging in November.
Average daily trading value soared by more than 70 percent in January from the previous month at the nation’s top online securities firms: SBI Securities Co., Rakuten Securities Inc., Monex Inc., Matsui Securities Co. and Kabu.com Securities Co.
The average daily trading volume at the five firms surged to ¥870.7 billion in the month, returning to the levels seen before U.S. investment bank Lehman Brothers failed in 2008.
In December, many investors moved to sell their holdings to take profits as the market began picking up. But last month, they began putting that money back in, industry sources said.
Online brokers are also benefiting from an easing of margin trading regulations that took effect in January.
Monex President Oki Matsumoto is bullish about earnings and said the ballooning trading value “will help drive up our profits substantially.”