The leading Japanese venue, Tokyo Financial Exchange (TFX), released its June trading volumes today showing a considerable drop from the previous month in the margin FX segment of its business known as Click 365.
The total trading volume of the exchange’s FX Margin contracts (Click 365) in June was 1,620,533, a decrease of 13.8% month-over-month and down 72.4% from the same period last year. In addition, the average daily trading volume was only 77,169 in June 2014.
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TFX Trading Volumes by Currency Pairs June 2014:
Margin FX volumes seem even worse when compared to other trading instruments on the TFX in June 2014. The trading volume of Three-month Euroyen Futures in June was 259,762, an increase of 11.7% MoM. The total trading volume of Exchange Equity Index Margin contracts (Click kabu 365) in June was 307,863, an increase of 14.8% MoM. In total, the combined trading volume for all TFX products was 2,188,158, up 8.1% MoM and its average daily trading volume was 104,199.