FFAJ April Report Shows Third Month of Decline in Japan for Binary Options

Volume decline deepens for binary options in Japan according to FFAJ April report.

The Financial Futures Association of Japan (FFAJ) today reported April binary options statistics for over-the-counter (OTC) retail trading across its eight reporting member brokerages which showed a decline in the number of active client accounts compared to the prior month, as well as a third month of declines in binary options trading volumes in Japan.

April trading volume declined to ¥36.489 billion (roughly $334 million at today’s rates), and the FFAJ reported that the amount of trading payment – which reflects the premium paid by options’ buyers – also decreased during the period from ¥18.6 billion in March to ¥14.7 billion in April.

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Source: FFAJ
Source: FFAJ

Although the number of total client accounts increased by 1,509 during April and brought the total to 343,455 up from 341,946 in the prior month, the number of active traders across the eight reporting members decreased from 12,786 in the prior month to 12,225 active accounts in April. This indicates that 561 client accounts became non-active during the period, across the reported companies.

On a per currency pair basis, volumes declined in nearly every pair except for small increases in GBP/USD and AUD/JPY pairs, yet declines in the remaining reported pairs outweighed those increases and caused the month over month drop.

The reporting eight members that the FFAJ binary options volumes represent for April include GMO Click Securities, Traders Securities, IG Securities, FX Prime by GMO, JFX, Planex Trade.com, YJFX, Hirose FX, and FX Trade Financial. The average profit/loss ratio across all the providers totaled 96.4, up from 95.8 in the prior month.

Source: FFAJ
Source: FFAJ
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