TFX Reports Mixed August, FX Trading Up YoY But Falls MoM

Equity index trading, however, showed strong results across the board.

The Tokyo Financial Exchange (TFX) has published its trading volumes for August this Monday, revealing an uptick in the total trading executed through the exchange on both a monthly and yearly comparison.

During the month, the combined trading volume for all TFX products was 4,227,429 contracts. This translates to an average daily trading volume of 192,304 contracts. This is higher by 53.7 percent month-on-month. It has also increased by 6.5 percent year-on-year.

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Breaking this down, TFX products can be divided into three categories – foreign exchange (FX) daily futures, three-month Euroyen futures and equity index daily futures, with the latter posting impressive results for August.

Equities trading jumps significantly in August

Equity index daily futures are traded through Click Kabu 365. During the month of August, the total trading volume was 1,197,510 contracts. This represents a significant jump of 242.8 percent when measured against August of 2018. 

It has also risen by 81.8 percent from the previous month. For the month of August, the average daily trading volume for equity index daily futures was 54,460 contracts.

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TFX reports uptick in FX trading YoY

Moving on the FX daily futures contracts, which are traded through Click 365, the segment did not manage to produce as strong results as equity contracts. 

Specifically, in August, the total trading volume for FX daily futures was 2,974,673 contracts. While this is higher by 47.6 percent against the same month of the previous year, it has fallen by 16 percent month-on-month.

During the month, the Australian dollar (AUD), Japanese yen (JPY) currency pair saw the strongest gain on a monthly comparison, posting a total trading volume of 304,864 contracts, which translates to an average daily volume of 13,857 contracts, by 156.6 percent.

The Euro (EUR)/US dollar (USD) currency pair, on the other hand, posted the biggest loss compared with the previous month of 35.4 percent, with the total trading volume coming in at 44,549 contracts during the month.

In August, TFX recorded a total trading volume for three-month Euroyen futures of 55,246 contracts and an average daily volume of 2,631 contracts. This is lower on both a monthly and yearly comparison, dropping by 26.8 percent and 27.5 percent, respectively.

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