The Japan Exchange Group (JPX) today released its January 2023 trading overview. Data showed that its derivatives trading volume fell sharply from the previous month.

Cash stock market

In February 2023, the average daily trading volume of P Exchange's main market (domestic common stock) was 3.1564 trillion yen, an increase of 4.7% compared with 3.0134 trillion yen in January.

The average daily turnover of the ETF (exchange traded fund) market for the month was 164.4 billion yen, down 22.0% from 210.8 billion yen in January.

Derivatives market

In February 2023, total derivatives trading volume was 22,236,443 contracts, down 7.7% month-on-month from 24,087,206 contracts in January.

Total derivatives turnover for the month was Y166tn, down 37.1 per cent from Y194tn in January.

In February 2023, there were 9201,596 contracts traded on the JX overnight, accounting for 41.4% of the trading volume. In January, the exchange recorded 1,0097209 contracts and 41.9% of overnight trading volume and overnight trading.

On February 23, the total volume of holiday trading on the JX was 352,578 contracts. The total number of contracts traded on the January 3 holiday was 518,979.