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.
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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JFX withdraws from BO business
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.
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.
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.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
JFX withdraws from BO business
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.