TFX’s Click365 October Volumes Show Steady Growth

FX volumes are up for the month but numbers failed to mirror last month’s healthy increase.

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

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Trading Volumes

A total of 3,353,270 contracts changed hands during October 2016, reflecting an increase of 4.5 percent MoM from 3,208,866 contracts in September 2016. Across a yearly time-frame, Click365’s contracts also increased by 10.1 percent YoY from October 2015. In addition, TFX saw a daily average of 159,682 contracts across its Click365 platform during October 2016, relative to 145,858 contracts in September 2016, constituting an increase of 9.5 percent MoM.

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The combined trading volume for all TFX products for October 2016 was  3,807,872 compared with September’s 3,823,708, reflecting a marginal decrease of of -0.4 percent MoM and an increase of 1.1 percent YoY. The average daily trading volume was 181,663.

Trading Composition

In terms of Click365’s trading composition in October 2016, the most widely utilized currency pair was again the USD/JPY, which increased to 1,163,424 contracts compared with 1,146,275 in September, or 1.5 percent MoM. This was also compounded by a yearly increase of 8.6 percent YoY from October 2015.

Other pairs of note include the Swiss franc/Japanese yen, which saw its contracts sharply increase by 124.4 percent MoM from September 2016 and a healthy 458 percent YoY compared with October 2015. By contrast, the South African rand/Japanese yen fell -4.8 percent MoM. Also of note is that while the British pound/US dollar showed a steady 6 percent increase for the month, the YoY increase was as high as 832.9 percent compared with October 2015.

After last month’s strong pick up in trading volumes, it’s back to business as usual for TFX which has recorded positive volumes for the month in what has so far been a fairly mixed bag in terms of trading volumes seen across the industry during October.

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