TFX Sees its Click365 Volumes Crash in March, GBP Pairs See Growth
- An uptick in GBP trading could not allay what was a downtrodden month for TFX.
The Tokyo Financial Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (TFX) has reported its volumes for the month ending March 2016, showing a staunch decline across the number of margin foreign exchange (FX) contracts traded by Click365 to the tune of double digits, according to a TFX statement.
A total of 3,436,055 contracts changed hands during March 2016, underpinning a decline of -23.1% MoM from 4,467,666 contracts in February 2016 – across a yearly time-frame however, Click365’s contracts did secure a healthy uptick of 15.2% YoY from March 2015. In addition, TFX saw a daily average of 149,393 contracts across its Click365 platform during March 2016, relative to 212,745 contracts in February 2015, constituting a fall of -29.8% MoM.
In terms of Click365’s trading composition in March 2015, the most widely utilized currency pair was again the USD/JPY, which tanked to just 997,170 contracts, plunging -36.5% MoM from 1,571,459 contracts just one month ago, compounded by a yearly drop of 11.6% YoY from March 2016. Other pairs of note include the GBP/USD, which saw its contracts explode by margins of 37.3% MoM from February 2016. By extension, the GBP/USD has swelled 782.1% YoY from March 2015, helped in large part by the upcoming Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term decision in the UK that has kindled strong interest in the trading pair.
In addition to the GBP/USD, the GBP/JPY also recorded a strong YoY growth for the same reason, albeit by a more muted margin of 112.9% YoY from March 2016. These figures only look to rise ahead of the eventual Brexit vote this summer.
The Tokyo Financial Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (TFX) has reported its volumes for the month ending March 2016, showing a staunch decline across the number of margin foreign exchange (FX) contracts traded by Click365 to the tune of double digits, according to a TFX statement.
A total of 3,436,055 contracts changed hands during March 2016, underpinning a decline of -23.1% MoM from 4,467,666 contracts in February 2016 – across a yearly time-frame however, Click365’s contracts did secure a healthy uptick of 15.2% YoY from March 2015. In addition, TFX saw a daily average of 149,393 contracts across its Click365 platform during March 2016, relative to 212,745 contracts in February 2015, constituting a fall of -29.8% MoM.
In terms of Click365’s trading composition in March 2015, the most widely utilized currency pair was again the USD/JPY, which tanked to just 997,170 contracts, plunging -36.5% MoM from 1,571,459 contracts just one month ago, compounded by a yearly drop of 11.6% YoY from March 2016. Other pairs of note include the GBP/USD, which saw its contracts explode by margins of 37.3% MoM from February 2016. By extension, the GBP/USD has swelled 782.1% YoY from March 2015, helped in large part by the upcoming Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term decision in the UK that has kindled strong interest in the trading pair.
In addition to the GBP/USD, the GBP/JPY also recorded a strong YoY growth for the same reason, albeit by a more muted margin of 112.9% YoY from March 2016. These figures only look to rise ahead of the eventual Brexit vote this summer.