The trading volumes of binary options in Japan fell further in October, extending a two-month downward trend, the country’s Financial Futures Association (FFAJ) reported. Total volumes stood at 44.589 trillion ($360 bln), down from 45.97 trillion JPY ($380 bln) for September. The annual decline was even more pronounced, with the October 2014 trading volumes figure standing at 57.297 trillion JPY ($470 bln).
Interest in Binary Options Waning
As with the September result, the October decline could be linked to a further decrease in the number of active accounts – 13,527 versus 14,198 in September. In October 2014, active accounts for binary options trading totaled 15,162.
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It seems binary options trading is indeed losing some of its allure for investors in Japan, which may have something to do with higher market volatility, as figures from previous months this year have hinted at a direct correlation between volatility and number of binary options trades. It’s worth reiterating that the decline we are witnessing is gradual, rather than a development suggesting an imminent crash on this market.