TFX Volumes Soar in February, FX Trading Up by 27.5% YoY

Trading of Equity Index Daily Futures contracts increased fourfold on a yearly comparison.

After a mixed start to the year, the Tokyo Financial Exchange (TFX) has today published its trading volumes for February, revealing an uptick in foreign exchange (forex) trading.

Overall, the Japanese exchange achieved an increase in trading for the month, with the combined trading volume for all TFX products coming in at 4,306,984 contracts. This represents a 38.1 percent growth on a monthly comparison. It is also higher by 87.7 percent year-on-year.

TFX sees solid FX trading

Taking a look at forex trading, February proved to be a fruitful month for the exchange. In particular, the total trading volume of FX Daily Futures contracts, traded through Click 365, was 2,449,177.

When weighing this against the previous month, trading has risen by 24.6 percent. On a yearly measurement, trading has improved by 27.5 percent. During February of 2020, the average daily trading volume of FX Daily Futures contracts was 122,459.

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Taking a look at volumes for each of the currency pairs, it was the Australian dollar/Japanese yen pair that posted the biggest monthly gain. In particular, 266,766 contracts were traded during the month, which represents an uptick of 46.9 percent from January of 2020.

However, the currency pair, which achieved the strongest yearly gain was British pound/US dollar. During February, 48,338 contracts were traded, which represents an average daily volume of 2,417 contracts. Overall, the pair’s volume was higher by 71.0 percent year-on-year, and it was also up by 27.2 percent against the previous month.

Similar to FX trading, February was also a strong month for the trading of Equity Index Daily Futures contracts. During the month, the total volume was 1,827,417 contracts, with an average daily trading volume of 91,370 contracts.

Not only has trading increased by 64.9 percent when measured against the previous month, but trading increased significantly on a yearly scale – climbing by 482.0 percent year-on-year.

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