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.
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.
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.
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.
SVG Brokers Seek New Home in Other Jurisdictions after Regulator's Deadline
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Don't miss out on this 5-second invite packed with energy and urgency!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
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The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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