The Tokyo Financial Exchange (TFX) has just released its trading volumes for the month ending October 2015, showing a further decline across its margin foreign exchange (FX) contracts traded by Click365. This follows a weak performance in September, when TFX reported a total of 3,559,649 contracts traded during the month, already a drop of 9.8% MoM from August 2015.
During October, TFX’s Click365 only reached 3,045,750 contracts traded, a drop of -14.4% MoM from September. The figure is even worse when looking at a yearly comparison basis – representing a decline of 24.8% from October 2014 – TFX’s Click365 lost about a quarter of its trading volumes YoY. TFX’s average daily volume (ADV) was just 138,444 in exchange-traded FX margin contracts in October.
In terms of Click365’s trading breakdown by currency pairs in October 2015, the most widely handled currency pair was again the USD/JPY, which advanced slightly MoM to 1,070,930 contracts, but was still down 31.1% YoY. The pair that took the biggest hit in October was the GBP/JPY, totaling just 163,835 contracts – a drop of 46% from September. The pair that recorded the highest growth rate on the TFX in October was the EUR/USD, totaling 276,796 contracts – up 23.9% MoM and 149.6% YoY.
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The Japanese venue reported weak volumes beyond Click365 as well in October 2015. The total trading volume of Exchange Equity Index Margin contracts (Click kabu 365) in October was 562,264 – down 28% MoM and 34% YoY – and its average daily trading volume was just 25,557. Combined trading volume for all TFX products was 3,768,099 – down 17% MoM and 27.4% YoY – and its average daily trading volume was just 171,624.