TFX’s Click365 November Volumes Shine as Solid Figures Recorded

November has been a positive month for the Japanese brokerage which has revealed some very strong data.

The Tokyo Financial Exchange (TFX) has reported its volumes for the month ending November 2016, this time revealing a healthy increase across the number of margin foreign exchange (FX) contracts traded by Click365 compared with last month’s metrics, according to a TFX statement.

Trading Volumes

A total of 4,703,670 contracts changed hands during November 2016, reflecting an increase of 40.3 percent MoM from 3,353,270 contracts in October 2016. Across a yearly time-frame, Click365’s contracts also increased by 93.4 percent YoY from November 2015. In addition, TFX saw a daily average of 213,802 contracts across its Click365 platform during November 2016, relative to 159,682 contracts in October 2016, constituting an increase of 33.9 percent MoM.

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The combined trading volume for all TFX products for November 2016 was 5,438,267 compared with October’s 3,807,872, reflecting an increase of 42.8 percent MoM and an increase of 73.3 percent YoY. The average daily trading volume was 248,216.

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Trading Composition

In terms of Click365’s trading composition in November 2016, the most widely utilized currency pair was again the USD/JPY, which increased to 1,913,181 contracts compared with 1,163,424 in October, or 64.4 percent MoM. This was also compounded by a yearly increase of 153.3 percent YoY from November 2015.

Other pairs of note include the Turkish lira/Japanese yen, which saw its contracts sharply increase by 86.6 percent MoM from October 2016 and 13.4 percent YoY compared with November 2015. By contrast, the GBP/USD fell -23.4 percent MoM along with the euro/JPY which fell -4.5 percent MoM.

After last month’s steady but lacklustre results, this month has produced a healthy set of figures in terms of trading volumes which the exchange will be looking to replicate in the months ahead.

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