TFX Sees MoM Uptick in FX Trading in July, But Lower YoY

The trading volume of FX daily futures contracts increased by 22.6 percent.

With the beginning of a new month, many trading providers are now releasing their trading volumes for July. This Thursday, the Tokyo Financial Exchange, Inc. (TFX) has done just this, yet again reporting mixed results.

In July, the combined trading for all TFX product was 2,749,548 contracts. When measuring this against the previous month, it is higher by 20.7 percent. However, on a year-on-year comparison, the trading volume achieved in July of 2019 is lower by 10.8 percent.

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For foreign exchange (FX) daily futures contracts, which are traded through Click 365, the total trading volume was 2,015,523 contracts, and the average daily trading volume for the month was 87,630 contracts.

When measuring this against June, where 1,644,505 contracts were traded, last month’s figure has risen by 22.6 percent. Against July of 2018, FX trading in July of 2019 fell by the same amount, 22.6 percent.

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During the month of July, trading of FX daily futures contracts increased significantly on a month-on-month comparison for the British pound/US dollar currency pair. 

In fact, 35,638 contracts were traded during the month, which is 186.5 percent more than what was trading in the previous month. However, trading volumes for the pair were still down 30.9 percent year-on-year.

TFX: Trading of AUD/JPY contracts fall in July

Trading of the Australian dollar/Japanese yen currency pair fell the most on both a monthly and yearly comparison. With 18,826 contracts traded during the month, volumes dropped by 18.4 percent and 46.1 percent, respectively.

Taking a look at three-month Euroyen futures, the trading volume in July was 75,426 contracts, with an average daily volume of 3,428. Against the previous month, volumes have fallen by 17.9 percent; they are also down by 32.0 percent year-on-year.

The total trading volume for equity index daily futures contracts, however, managed to actually record both a monthly and yearly uptick. In July, the total trading volume was 658,599 contracts, which is higher by 21.5 percent month-on-month, and 80.3 percent against July of 2018.

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