TFX Reports Mixed Volumes in October, FX Rises MoM

Most of the trading volumes were up on a monthly comparison, but lower year-on-year.

With volumes slumping in September, the Tokyo Financial Exchange (TFX) has published its trading volumes for October. Overall, the exchange reported an uptick in volumes on a monthly comparison; however, volumes were largely lower year-on-year.

Overall, the combined trading volume for all TFX products was 2,906,794 contracts. This translated to an average daily trading volume of 126,605 for October. Against September, this volume is higher by 21.2 percent; however, it has fallen by 19.2 percent year-on-year.

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Trading of foreign exchange (forex) daily futures contracts, which are traded through Click 365, followed a similar pattern. With the total monthly volume coming in at 2,044,859 contracts, the average daily volume was 88,909. This is 21.9 percent higher than the volume recorded in September; however, it has dropped by 23.1 percent against the volume achieved in October of 2018.

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GBP trading soared on TFX

Trading of the British pound surged during October, no doubt buoyed by the volatility caused by the looming threat of Brexit. In October, the British pound/Japanese yen posted the biggest monthly gain, with the total number of contracts traded being 444,639.

This translated to an average daily volume of 19,332 for October. In terms of growth, this trading volume is higher 116.8 percent and 148.8 percent month-on-month and year-on-year, respectively. On a yearly comparison, the trading volume for the British pound/US dollar currency pair soared by 183.6 percent year-on-year.

In October, the trading volume for equity index daily futures contracts, traded via Click kabu 365, was 816,155 contracts, with an average daily trading volume of 35,516. Similar to the instruments before it, this has grown by 26.3 percent from the previous month. However, it has shrunk slightly, by 0.9 percent, from October of 2018’s trading volume.

Lastly, the trading volume of three-month Euroyen futures was 45,780 contracts in October. Unlike the above-mentioned instruments, this figure is lower by 38.8 percent and 60.6 percent on a monthly and yearly comparison, respectively.

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