It appears January mostly delivered a solid start to 2020 for the Tokyo Financial Exchange (TFX), with the company reporting its monthly trading volumes for January this Monday.

Overall, it appears that trading on the exchange has managed to increase on a monthly comparison; however, the majority of segments were still down year-on-year.

The combined trading volume of all TFX products was 3,117,753 contracts. When measuring this against December of 2019, this represents a growth of 27.9 percent. Nonetheless, trading has fallen by 6 percent year-on-year.

FX trading increases MoM on TFX

Taking a look at the trading volumes for foreign exchange (forex) daily futures contracts, a similar pattern appears. Namely, the exchange reported a total trading volume of 1,966,251 and an average daily trading volume of 89,378. While total trading grew by 17.8 percent month-on-month, trading of FX daily futures contracts dropped by 30.6 percent on a yearly comparison.

In January of 2020, the currency to see the biggest monthly growth was the Australian dollar/Japanese yen pair. Specifically, in January, the total trading volume was 181,648 contracts, which is 66.0 percent up from December’s volume.

Despite the fact that the AUD/JPY currency pair posted the best monthly growth, it did also note the largest decline on a yearly comparison. Specifically, the trading volume was lower by 58.2 percent year-on-year.

The total trading volume of equity index daily futures contracts, through Click kabu 365, was 1,108,398 contracts, with an average daily trading volume of 50,382. This represents an uptick of 55.1 percent and a significant 200.1 percent on a monthly and yearly comparison, respectively.

Trading of three-month Euroyen futures, on the other hand, stuttered during the month of January, with the total trading volume coming in at 43,104 contracts, which is lower by 19.3 percent from December of 2019. January’s trading volume was also down by 63.4 percent year-on-year.