Japan Online Stock Trades at Record Amid Surging Volume
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Japan’s five largest online brokerages posted record trading in May amid surging equity volume as the nation’s shares rose to the highest levels since August 2008 before tumbling into a correction.
Matsui Securities Co., which gets 65 percent of its revenue from commissions, said the value of shares traded though client accounts rose to a record 5.86 trillion yen ($59 billion) in May, beating the previous high of 4.68 trillion yen in December 2005. Turnover also reached a record at Monex Group Inc., Rakuten Securities Inc., Kabu.Com Securities Co. and SBI Securities Co.