TFX Trading Volumes Notch Solid Growth in August, USDJPY on the Uptick

Tokyo Financial Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (TFX) reported its volumes for the month ending August 2015, having shown a staunch growth across the number of margin foreign exchange (FX) contracts traded by Click365, according to a TFX statement.

A total of 3,945,138 contracts changed hands during August 2015, highlighting a strong growth of 12.3% MoM from July 2015 – across a yearly timeframe, Click365’s contracts also notched an uptick of 100.4% YoY from August 2014. In addition, the TFX saw a daily average of 187,865 contracts across its Click365 platform during August 2015.

In terms of Click365’s trading composition in August 2015, the most widely utilized currency pair was the USD/JPY, which jumped to 1,088,022 contracts. This constitutes a growth of 22.1% MoM from July 2015, with a yearly change of 88.7% YoY from August 2014. Other pairs of note were the AUD/JPY and the GBP/USD, which saw its contracts rise by 13.8% and 56.7% MoM from July 2015 respectively. Conversely, the EUR/JPY witnessed a decline in contracts of -29.0% MoM from July 2015.

Just one month after the spotlight amidst the Greek fallout, the EUR/USD lost -8.2% MoM from July 2015, having come in at only 268,763 contracts in August 2015 – despite the drop in contracts, August 2015 corresponds to an insatiable growth of 409.9% YoY from August 2014.