August 2016 has seen a decline in volumes traded for the Japanese online OTC industry.
The Financial Futures Association of Japan (FFAJ) has released its over-the-counter (OTC) FX and binary options figures for the month ending August 2016, which saw a MoM fall in trading volume after reporting increasing figures in the preceding two months, according to FFAJ reports.
Looking at the binary options figures, the FFAJ saw its total monthly retail trading volume come in at $344.8 (¥35.2 billion) correlating to a fall of 21 percent from $440.1 million (¥44.6 billion) in July 2016. Although July’s figures showed an improvement over the previous month’s, this month’s decline reflects the typical reduction in trading volumes we can expect to see during August.
In terms of existing binary options accounts, the FFAJ yielded figures of 350,123 for the month of August 2016, compared with 348,508 accounts in July 2016, corresponding to a marginal gain of 0.46 percent MoM. By contrast, the group’s active accounts fell to 11,194 in August from 11,873 in July, or -5.7 percent MoM, indicating a further loss in this space for the second consecutive time since May.
Regarding currency pairs, during August 2016 the largest gain was the GBP/USD, which increased to a volume of $346 million (¥3.5 billion) from $323 million (¥3.3 billion) in July 2016, relating to a jump of 7 percent MoM. Conversely there was a substantial decline in the GBP/JPY which fell to a volume of $479 million (¥4.89 billion) or a -58.6 percent fall against the previous month’s $1.16 billion (¥11.8 billion).
There was also a decline in the USD/JPY which fell to a volume of $170 million (¥17.3 billion) or -3.9 percent after the previous month’s noteworthy jump of 25.9 percent MoM.
The volumes for the month ending August 2016 generally show a sizable decline across the number of contracts and volumes traded by across the industry fuelled by lingering Volatility after the Brexit vote which impacted on a number of currency pairs, coupled with the seasonally low trading volume lows experienced in this sector during August.
The Financial Futures Association of Japan (FFAJ) has released its over-the-counter (OTC) FX and binary options figures for the month ending August 2016, which saw a MoM fall in trading volume after reporting increasing figures in the preceding two months, according to FFAJ reports.
Looking at the binary options figures, the FFAJ saw its total monthly retail trading volume come in at $344.8 (¥35.2 billion) correlating to a fall of 21 percent from $440.1 million (¥44.6 billion) in July 2016. Although July’s figures showed an improvement over the previous month’s, this month’s decline reflects the typical reduction in trading volumes we can expect to see during August.
In terms of existing binary options accounts, the FFAJ yielded figures of 350,123 for the month of August 2016, compared with 348,508 accounts in July 2016, corresponding to a marginal gain of 0.46 percent MoM. By contrast, the group’s active accounts fell to 11,194 in August from 11,873 in July, or -5.7 percent MoM, indicating a further loss in this space for the second consecutive time since May.
Regarding currency pairs, during August 2016 the largest gain was the GBP/USD, which increased to a volume of $346 million (¥3.5 billion) from $323 million (¥3.3 billion) in July 2016, relating to a jump of 7 percent MoM. Conversely there was a substantial decline in the GBP/JPY which fell to a volume of $479 million (¥4.89 billion) or a -58.6 percent fall against the previous month’s $1.16 billion (¥11.8 billion).
There was also a decline in the USD/JPY which fell to a volume of $170 million (¥17.3 billion) or -3.9 percent after the previous month’s noteworthy jump of 25.9 percent MoM.
The volumes for the month ending August 2016 generally show a sizable decline across the number of contracts and volumes traded by across the industry fuelled by lingering Volatility after the Brexit vote which impacted on a number of currency pairs, coupled with the seasonally low trading volume lows experienced in this sector during August.
US Operator of Binary Option Brands Fined $516K for $10M Scam
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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