TFX Reports Mixed Bag Trading Volumes for September

While interest rate futures were up, forex and equity index futures experienced yearly declines overall.

The Tokyo Financial Exchange (TFX) has reported its latest trading volumes for September 2018 on Monday. Following a disappointing August, the results show a mixed bag for the exchange during the month.

Taking a look first at three-month Euroyen futures, the only interest rate futures contracts to be traded on the exchange, during September a total of 184,529 contracts were traded. This translates to a daily average of 10,252 contracts during the month. This is up an impressive 142.2 percent from August. When compared to the same period last year, the results are also up by 42.5 percent.

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The total trading volume of forex daily futures contracts (Click 365) on TFX was 2,107,983 contracts in September, resulting in an average daily trading volume of 105,400 contracts. This is a decline of 40.5 percent from August, which saw a total of 3,542,520 contracts traded. September’s result is also down year-on-year by 18.7 percent.

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With the instability of the Turkish Lira over recent months, it is not surprising to see that in September Turkish Lira/Japanese Yen futures contracts fell by 75.8 percent month-on-month, hitting 308,976 contracts. On a daily basis, an average of 15,449 contracts was traded. This was also down by 12.9 percent year-on-year.

British Pound/US Dollar futures contracts saw the biggest monthly uptick with 40,718 (2,036 per day) contracts traded in September of this year. This is a significant 49.2 percent increase from August, however, it is still down by 27.4 percent from September 2017.

Equity Index Daily Futures Contracts Traded On TFX

Moving on to equity index daily futures contracts (Click kabu 365), the total trading volume for September on TFX was 446,432. The average daily volume was 22,322 contracts. Whilst this is an increase of 27.8 percent from the previous month, it is still down by 26.5 percent on an annual basis.

Of the equity index daily futures contracts, Nikkei 225 was the best performer in terms of a month-on-month improvement. During September, 357,836 contracts were traded or 17,892 per day. From August, this is up by 38.5 percent. However, it is also still down by 18.7 percent year-on-year.

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