Foreign exchange trading volumes on the Tokyo Financial Exchange (TFX) surged in March. The total trading volume of Click 365 exchange traded FX margin contracts increased 10.7% when compared to the previous month and 22% year-on-year, which translated to 2,983,225 contracts.
The average daily volumes totaled 135,604 contracts with the main source of growth coming from outside of the strongest market for Japanese traders. Trading activity of EUR/USD contracts increased by 148.5% when compared to February, and by 336% when compared to last year.
Japanese yen volatility translated mainly to the EUR/JPY cross
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In the meantime, the typically active USD/JPY contract remained flat with Japanese yen volatility translating mainly to the EUR/JPY cross which marked a gain of 35.8% month-on-month.
Trading volumes in Exchange Equity Index Margin contracts also known as Click kabu 365 totaled 793,066, which is higher by almost 46% when compared to the previous month and by 161.8% when compared to last year. The average daily trading volume was 36,049 contracts in March.
The main growth in this space should be attributed to margin contracts on the local Nikkei stock markets index where trading surged by 44% month-on-month and on the German DAX, which marked an increase of 146% when compared to February and 110% when compared to last year.
Trading of the UK index FTSE 100 also increased materially in March totaling 19,420 contracts, which is more than five times the figure traded a year ago.