Japanese binary options traders have generated an increased number of trading volumes in November, a report by the Financial Futures Association of Japan (FFAJ) shows. The Japanese regulator is publishing on a monthly basis the volumes figures of Japanese binary options operators.
Last month’s trading activity has increased materially when compared to October. The number surpassed ¥43 billion ($376 million). The number represents the total across all brokerages that are providing the product in Japan. The number was higher by over 13 percent when compared to last year.
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The FFAJ regulated product represents a more complex version of the simplistic up and down binary options that are well known in the industry. The so called ‘ladder’ options are providing traders with preset levels which they can choose and bet on an above or below outcome every two hours.
In contrast to their European counterparts the Japanese brokers have to report all of their activity to the Japanese regulators.
The decline in regulated binary options trading in Japan has been pronounced, but last month’s 32 percent rebound represents an optimistic tone for the new year. That said, it can also be related to the unlocking of volatility on the markets and a spike in trading pretty much across the board in November.