TFX Click365 Volumes Decline in February for Second Consecutive Month

Volumes were pointed lower yet again, with key currency pairs and Click365 figures trending downward.

The Tokyo Financial Exchange (TFX) has just released its volumes for the month ending February 2017, having extended a recent decline across the number of margin foreign exchange (FX) contracts traded by Click365, according to a TFX statement.

Volumes Breakdown

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For February 2017, a total of 2,402,878 contracts changed hands, which was indicative of a decrease of -24.2 percent month-over-month from 3,168,720 contracts in January 2017 – this is the second consecutive monthly decline seen at the exchange, with volumes pointed lower so far in 2017.

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Across a yearly time frame, Click365’s contracts also rescinded by a factor of -46.2 percent year-over-year from February 2016, suggesting that the recent trend is not seasonal in nature. In addition, TFX saw a daily average of 120,142 contracts across its Click365 platform during February 2017, relative to 150,894 contracts in January 2017, or -20.4 percent month-over-month.

The combined trading volume for all TFX products for February 2017 also came in at 3,002,912 compared with January 2017’s 3,869,211, reflecting a decrease of -22.4 percent month-over-month, as well as -46.5 percent year-over-year. The average daily trading volume in February 2017 was also reported at 150,144.

Trading Composition

In terms of Click365’s trading composition in February 2017, the USD/JPY recorded the highest average daily volumes of 53,204, which were off -34.7 percent on a month-over-month basis. The only currency pairs to notch a monthly gain in volumes were the GBP/USD at 18.5 percent month-over-month and the AUD/JPY, which climbed 9.0 percent month-over-month.

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