The Tokyo Financial Exchange (TFX) has published its trading volumes for January of 2019 this Friday. The exchange, which ended 2018 with mixed results, has continued this trend into the first month of the new year.
Overall, the combined trading volume for all TFX products was 3,318,379 contracts during the month of January. With an average daily trading volume of 151,684, this is up by 5.5 percent when measured against the month of December 2018 and 3.8 percent higher than January of 2018.
Breaking this down into segments, the total interest rate futures contracts (three-month Euroyen) traded in the first month of 2019 was 117,834. This translates to an average daily volume of 6,202 contracts.
When comparing this to the previous month, which had a trading volume of 131,931 contracts, this is down by 10.7 percent. However, on a yearly comparison, January’s volume is up by 21.5 percent.
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FX Futures Soar on TFX
During the month of January 2019, the total trading volume for foreign exchange (forex) daily futures contracts (Click 365) was 2,831,223 contracts, with an average daily trading volume of 128,693.
Unlike interest rate futures, the trading volume for FX daily futures contracts jumped by 17.4 percent month-on-month. This more than reverses December’s monthly loss of 6.3 percent. On a yearly comparison, it’s also up by 14 percent.
In January, the Euro/US dollar currency pair saw the biggest month-on-month uptick of 78.8 percent with 71,017 contracts for the duo traded during the month. The Aussie dollar/Japanese yen currency pair, however, saw the biggest yearly gain of 149.4 percent.
Lastly, the total trading volume of equity index daily futures contracts (Click kabu 365) was 369,322, with an average daily trading volume of 16,789. This is down on both a monthly and yearly comparison by 38.6 percent and 40.2 percent respectively.