FFAJ May Binary Options Statistics Show Further Declines From April’s Drop

The fourth month of declines seen in May for binary options volumes in Japan.

May binary options trading statistics have been released today by the Financial Futures Association of Japan (FFAJ) for over-the-counter (OTC) retail trading across seven reporting member brokerages, showing declines from April, in terms of active client accounts and binary options trading volumes.

Trading volumes for the reported binary options totals from the FFAJ declined by 16% from ¥36.489 billion (est. $334million) in April, to ¥30.408 billion in May, lower by ¥6.08 billion month-over-month for the combined 7 members.

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Trading volumes declined across all reported currency pairs, except for the GBP/USD pair – although its increase was more than offset by the declines in other reported pairs which caused the overall drop from April making May the fourth month of declining binary options volumes reported by FFAJ.

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The reporting seven members that the FFAJ binary options volumes represent for May include GMO Click Securities, Traders Securities, IG Securities, FX Prime by GMO, Planex Trade.com, YJFX, Hirose FX, and FX Trade Financial. FFAJ noted in its May report that JFX has stopped reporting due to a withdrawal from the binary options business, dated June 14, 2016.

The amount of trading payment earned – reflecting the premiums that options buyers pay the brokers to purchase the contracts – fell from ¥14.76 billion in April to ¥12.57 in May, a decrease of ¥2.19 billion or 7.2% lower month-over-month.

The number of active accounts in May was reported as 11,880 across the 7 members, and lower overall by 345 accounts – a decline of nearly 3% from 12,225 active accounts reported in April.


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