FFAJ Reports FX and Binary Options Trading Volumes Up in July

by Finance Magnates Staff
  • July 2016 has been a lively period for the Japanese online OTC trading industry.
FFAJ Reports FX and Binary Options Trading Volumes Up in July
Bloomberg

The Financial Futures Association of Japan (FFAJ) has released its over-the-counter (OTC) FX and binary options figures for the month ending July 2016, which saw continuing growth MoM in trading volume for the second consecutive month after a series of dwindling figures, according to both FFAJ reports.

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Looking at the binary options figures, the FFAJ saw its total monthly Retail Trading volume come in at $440.1 million (¥44.6 billion), which correlated to a rise of 12.2 percent from $392.08 million (¥41.05 billion) in June 2016. July’s figures have once again taken a positive turn over the previous month which were the highest since February 2016.

FJAA July 2016

FJAA July 2016

In terms of existing binary options accounts, the FFAJ yielded figures of 348,508 for the month of July 2016, compared with 346,292 accounts in June 2016, corresponding to a marginal gain of 0.64 percent MoM. By contrast, the group’s active accounts fell to 11,873 in July from 12,676 in June 2016, or -6.3 percent MoM, indicating a loss in this space for the first time since May.

During July 2016, the largest gain was the USD/JPY, which increased to a volume of $177.6 million (¥18 billion) from $141.1 million (¥14.3 billion) in June 2016, relating to a jump of 25.9 percent MoM. There was also a notable decline in the GBP/USD which fell to a volume of $4.7 million.

Looking at the OTC FX figures, we see a similar increase in japan for July 2016. The FX volume reached about $4.5 trillion (¥454.3529 trillion) an increase of 5.83% compared with June's figures. The yen cross alone (USD/JPY) reached about $4.275 trillion (¥431.9629 trillion), up 7.52% month over month. The figures look even more impressive when compared with the relevant on-Exchange trading as the monthly volume at Tokyo Financial exchange fell 28.02% in July 2016 to just $33.72 billion (¥3.4083 trillion).

FFAJFXJUNE2016

The Financial Futures Association of Japan (FFAJ) has released its over-the-counter (OTC) FX and binary options figures for the month ending July 2016, which saw continuing growth MoM in trading volume for the second consecutive month after a series of dwindling figures, according to both FFAJ reports.

Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here!

Looking at the binary options figures, the FFAJ saw its total monthly Retail Trading volume come in at $440.1 million (¥44.6 billion), which correlated to a rise of 12.2 percent from $392.08 million (¥41.05 billion) in June 2016. July’s figures have once again taken a positive turn over the previous month which were the highest since February 2016.

FJAA July 2016

FJAA July 2016

In terms of existing binary options accounts, the FFAJ yielded figures of 348,508 for the month of July 2016, compared with 346,292 accounts in June 2016, corresponding to a marginal gain of 0.64 percent MoM. By contrast, the group’s active accounts fell to 11,873 in July from 12,676 in June 2016, or -6.3 percent MoM, indicating a loss in this space for the first time since May.

During July 2016, the largest gain was the USD/JPY, which increased to a volume of $177.6 million (¥18 billion) from $141.1 million (¥14.3 billion) in June 2016, relating to a jump of 25.9 percent MoM. There was also a notable decline in the GBP/USD which fell to a volume of $4.7 million.

Looking at the OTC FX figures, we see a similar increase in japan for July 2016. The FX volume reached about $4.5 trillion (¥454.3529 trillion) an increase of 5.83% compared with June's figures. The yen cross alone (USD/JPY) reached about $4.275 trillion (¥431.9629 trillion), up 7.52% month over month. The figures look even more impressive when compared with the relevant on-Exchange trading as the monthly volume at Tokyo Financial exchange fell 28.02% in July 2016 to just $33.72 billion (¥3.4083 trillion).

FFAJFXJUNE2016
About the Author: Finance Magnates Staff
Finance Magnates Staff
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About the Author: Finance Magnates Staff
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