FX Futures Trading Rises by 6.5% YoY on TFX in 2019 Fiscal Year

The number of contracts traded during the year exceeded 30 million.

The Tokyo Financial Exchange (TFX) has published its trading volumes for both the month of March as well as the full year ended March 31, 2019. During the year, foreign exchange (forex) trading on the exchange grew year-on-year.

Specifically, the total trading volume for FX daily futures contracts, through Click 365, was 30,973,955. On an annual comparison, this represents an uptick of 6.5 percent. The average daily trading volume (ADV) for the year was 144,399.

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The most traded currency pair during the year was the United States dollar (USD) against the Japanese yen (JPY). The number of futures contracts traded for this pair fell by 21 percent year-on-year to reach 7,352,304, which translates to an ADV of 28,387.

Trading volume for three-month euroyen futures also noted a solid uptick in trading during the year ended March 31, 2019. With the number of contracts traded coming in at 1,253,014, this is a growth of 16.5 percent year-on-year. The ADV for the period was 5,135.

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Taking a look at equity index daily futures contracts through Click kabu 365, the number of contracts traded during the 12 month period was 5,083,565, and the ADV was 19,676. When measuring this against the previous year, it is higher by 34 percent.

Overall, the combined trading volume for all TFX products during the year was 37,310,534, which is up by 2.6 percent on a yearly comparison. This contributes to an ADV of 144,399.

FX Trading Jumps MoM in March on TFX

The month of March delivered mixed results for forex, as the total trading volume for FX daily futures contracts was 2,667,847. While this increased by 38.9 percent when measured against the previous month, it is still down 3.6 percent year-on-year.

During the month of March, the most traded currency pair was the Turkish lira (TRY) against JPY, with the total futures contracts traded at 965,511 during the month. When comparing this against the previous month, it has climbed by a significant 215.6 percent. On an annual comparison, the trading volume is equally as impressive, as it has jumped by 111.2 percent.

This Tuesday, TFX also released its trading results for the month of April. Unlike March, the exchange didn’t note an uptick in trading volumes. In fact, the number of FX daily futures contracts traded fell by 30.9 percent month-on-month or 14.1 percent year-on-year to reach 1,842,242.

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