TFX Overall Volumes Down 7% in October

Tokyo Financial Exchange, a leading derivatives trading venue has reported trading metrics for the month of October. The exchange saw

bnr_365_eAfter a bleak episode of declining volumes during the summer months, Tokyo’s leading derivatives exchange, the Tokyo Financial Exchange (TFX), has reported lower  trading activity for the month of October. The exchange saw total monthly volumes drop 7.4% to 3,322,067 (contracts traded), and a decline of 18.7% from figures reported in October 2012.

The futures exchange, that holds the largest share in Euroyen trading volume, was established in 1989 to provide the market with derivatives products. TFX offers a wide range of FX, indices and fixed income products.

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Volume by segment

Euroyen interest rates

The trading volume of three month Euroyen futures in October was 563,567, up by 95.8% MoM and an increase of 75.5% YoY, its average daily volume was 25,617.

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Currency futures

The total trading volume of Exchange FX Margin contracts (Click 365) in October was 2,427,301 down 19.2% MoM and a drop of 33.5% YoY, its average daily trading volume was 105,605.

Stock indices

The total trading volume of Exchange Equity Index Margin contracts (Click 365) in October was 331,199, up 11.7% MoM and up 197.0% YoY, its average daily trading volume was 14,401.

TFX’s mixed data is a sign that markets are still concerned about the on-going fundamental factors that are dictating markets, the shadows of the federal reserve’s tapering dilemma are still hanging.

This post has been updated since it was first published.

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