TFX Volume Higher in November

by Ron Finberg
TFX Volume Higher in November

November volume figures are beginning to be released this week. Overall market Volatility in most assets classes remained low though. Starting off the reports is the Tokyo Financial Exchange (TFX) which reported a 12.0% MoM increase and 61.2% YoY decrease in total contracts traded. For November, 4,091,549 contracts were traded with the EURJPY and AUDJPY the top two traded products. While well below last year’s figures, the November data was the highest figure since July.

While effected by the overall decline in volatility which has led to falling global Forex volumes, the FX exchange traded market in Japan has also been hit this year by the removal of a tax ruling that had favored exchange traded versus spot trading (see chart). As a result, Click 365 volumes to a hit earlier this year but appear to be rising again. Click 365 volumes may have also been helped by further stimulus actions from the Bank of Japan which has put the Japanese yen back in play among traders as the currency weakened sharply in November.

TFX 2012 Volumes

TFX 2012 Volumes in Thousands

November volume figures are beginning to be released this week. Overall market Volatility in most assets classes remained low though. Starting off the reports is the Tokyo Financial Exchange (TFX) which reported a 12.0% MoM increase and 61.2% YoY decrease in total contracts traded. For November, 4,091,549 contracts were traded with the EURJPY and AUDJPY the top two traded products. While well below last year’s figures, the November data was the highest figure since July.

While effected by the overall decline in volatility which has led to falling global Forex volumes, the FX exchange traded market in Japan has also been hit this year by the removal of a tax ruling that had favored exchange traded versus spot trading (see chart). As a result, Click 365 volumes to a hit earlier this year but appear to be rising again. Click 365 volumes may have also been helped by further stimulus actions from the Bank of Japan which has put the Japanese yen back in play among traders as the currency weakened sharply in November.

TFX 2012 Volumes

TFX 2012 Volumes in Thousands

About the Author: Ron Finberg
Ron Finberg
  • 1983 Articles
  • 8 Followers
About the Author: Ron Finberg
  • 1983 Articles
  • 8 Followers

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