The Financial Futures Association of Japan (FFAJ) has released its over-the-counter (OTC) binary options figures for the month ending January 2017, showing a strong position which builds on the last couple of months’ momentum, while increasing over a MoM interval, according to an FFAJ report.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
The latest tranche of monthly statistics show that at the start of 2017 Japanese binary options maintained the strong trading volumes of late 2016 but January 2017 also continued an up and down trend at the FFAJ for its binary options volumes. November 2016 proved to be one of the most volatile trading months of the year, which featured the US election and its surprise outcome. December 2016 sustained trading at a lower level with markets winding down for the year-end.
Q8 Trade Gains Recognition for ‘Most Trusted Trading Platform in MENA’Go to article >>
Looking at the figures, the FFAJ saw its total monthly binary options trading volume come in at $369.8 million (¥41.9 billion) in January 2017, which corresponded to an increase of 2% from $362.2 million (¥41.0 billion) in December 2016. On a yearly comparison the figure looks a lot less impressive, down about 33% from $537.8 million (¥61.0 billion) in January 2016.
In terms of existing accounts, the FFAJ yielded a figure 360,949 in January 2017 compared with 358,699 for the month of December 2016, or less than 0.7% higher MoM, despite striking a new all-time high figure. By extension, the group’s active accounts also increased to 11,978 in January 2017 from 11,125 in December 2016.