FFAJ’s Binary Volumes Tick Lower in December, Accounts Reach All-Time High

Seasonal factors helped contribute to waning binary trading figures at FFAJ in December.

The Financial Futures Association of Japan (FFAJ) has released its over-the-counter (OTC) binary options figures for the month ending December 2016, which could not build on last month’s momentum, instead falling over a MoM interval, according to an FFAJ report.

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The latest tranche of monthly statistics continued an up and down trend at FFAJ for its binary volumes. November proved to be one of the most volatile trading months of the year, which featured the US election and its surprise outcome. December on the other hand was different altogether, with markets winding down for the year-end.

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Looking at the figures, the FFAJ saw its total monthly binary trading volume come in at $362.2 million (¥41.0 billion) in December 2016, which corresponded to a decline of -5.5% from just $383.1 million (¥43.4 billion) in November 2016 – November was the group’s highest reading since July 2016.

The FFAJ’s YoY snapshot was also in the red, with its latest volumes in December 2016 retreating by a factor of -14.7% YoY from $424.8 million (¥48.1 billion) in December 2015.

In terms of existing accounts, the FFAJ yielded a figure of 358,699 for the month of December 2016, compared with 356,916 accounts in November 2016, or less than 1.0% higher MoM, despite striking an all-time high. By extension, the group’s active accounts also shrunk to 11,125 in December 2016 from 11,929 in November 2016, or -6.7% MoM, nearly paring its gains in this space over the past two months.

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