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 (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.

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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 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.

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