TFX Sees its Click365 Volumes Crash in March, GBP Pairs See Growth

by Jeff Patterson
  • An uptick in GBP trading could not allay what was a downtrodden month for TFX.
TFX Sees its Click365 Volumes Crash in March, GBP Pairs See Growth
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The Tokyo Financial Exchange (TFX) has reported its volumes for the month ending March 2016, showing a staunch decline across the number of margin foreign exchange (FX) contracts traded by Click365 to the tune of double digits, according to a TFX statement.

A total of 3,436,055 contracts changed hands during March 2016, underpinning a decline of -23.1% MoM from 4,467,666 contracts in February 2016 – across a yearly time-frame however, Click365’s contracts did secure a healthy uptick of 15.2% YoY from March 2015. In addition, TFX saw a daily average of 149,393 contracts across its Click365 platform during March 2016, relative to 212,745 contracts in February 2015, constituting a fall of -29.8% MoM.

In terms of Click365’s trading composition in March 2015, the most widely utilized currency pair was again the USD/JPY, which tanked to just 997,170 contracts, plunging -36.5% MoM from 1,571,459 contracts just one month ago, compounded by a yearly drop of 11.6% YoY from March 2016. Other pairs of note include the GBP/USD, which saw its contracts explode by margins of 37.3% MoM from February 2016. By extension, the GBP/USD has swelled 782.1% YoY from March 2015, helped in large part by the upcoming Brexit decision in the UK that has kindled strong interest in the trading pair.

In addition to the GBP/USD, the GBP/JPY also recorded a strong YoY growth for the same reason, albeit by a more muted margin of 112.9% YoY from March 2016. These figures only look to rise ahead of the eventual Brexit vote this summer.

The Tokyo Financial Exchange (TFX) has reported its volumes for the month ending March 2016, showing a staunch decline across the number of margin foreign exchange (FX) contracts traded by Click365 to the tune of double digits, according to a TFX statement.

A total of 3,436,055 contracts changed hands during March 2016, underpinning a decline of -23.1% MoM from 4,467,666 contracts in February 2016 – across a yearly time-frame however, Click365’s contracts did secure a healthy uptick of 15.2% YoY from March 2015. In addition, TFX saw a daily average of 149,393 contracts across its Click365 platform during March 2016, relative to 212,745 contracts in February 2015, constituting a fall of -29.8% MoM.

In terms of Click365’s trading composition in March 2015, the most widely utilized currency pair was again the USD/JPY, which tanked to just 997,170 contracts, plunging -36.5% MoM from 1,571,459 contracts just one month ago, compounded by a yearly drop of 11.6% YoY from March 2016. Other pairs of note include the GBP/USD, which saw its contracts explode by margins of 37.3% MoM from February 2016. By extension, the GBP/USD has swelled 782.1% YoY from March 2015, helped in large part by the upcoming Brexit decision in the UK that has kindled strong interest in the trading pair.

In addition to the GBP/USD, the GBP/JPY also recorded a strong YoY growth for the same reason, albeit by a more muted margin of 112.9% YoY from March 2016. These figures only look to rise ahead of the eventual Brexit vote this summer.

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