The Financial Futures Association of Japan (FFAJ) has released the retail over-the-counter binary options trading Monthly Metrics Report for August 2014, showing a second month of considerable increases in trading volumes.
During August the trading volume in binary options in Japan reached ¥68,828,888,822, a considerable increase of over 27.9% from the ¥53,790,714,399 volume of the previous month. The August figure is a complete recovery of the May 2014 trading volume level of ¥68,703,392,696 but still not even close to the figure of ¥117,561,433,433 reached in April of this year.
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The eight “FFAJ Binary Options Member” refers to Japanese member firms within FFAJ involved in the transactions of OTC binary options for individual customers. These are composed of ‘trading members’, parties directly involved in the options trade, as well as ‘intermediary members’ third partying in the transaction. They include GMO CLICK Securities Co., Traders Securities Co., IG Securities Co., JFX, PLANEX TRADE. COM, Waijei FX, Hirose Trade Co. and FX Trade Financial.
The Japanese increase in binary options volumes is in line with trading volumes trends of Forex in the country, in comparison with FX volumes increase by 23.3% MoM in August at Japan Exchange Group.
The breakdown of the total binary options trading volume in August by currency pairs was: USDJPY ¥28,204,626,000, EURJPY ¥11,042,454,000, GBPJPY ¥13,411,118,000, AUDJPY ¥536,350,000, EURUSD ¥14,095,984,000, GBPUSD ¥812,915,934, Others ¥725,440,887.