TFX’s Click365 September Volumes Up 28.3% Amid Increased Trading Activity

FX volumes have taken a positive turn in September, after last month’s seasonal decline.

The Tokyo Financial Exchange (TFX) has reported its volumes for the month ending September 2016, showing 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.

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Trading Volumes

A total of 3,208,866 contracts changed hands during September 2016, characterized by an increase of 28.3 percent MoM from 2,500,382 contracts in August 2016. Across a yearly time-frame however, Click365’s contracts dipped by a margin of -9.9 percent YoY from September 2015. In addition, TFX saw a daily average of 145,858 contracts across its Click365 platform during September 2016, relative to 108,714 contracts in August 2016, constituting an increase of 34.2 percent  MoM.

The combined trading volume for all TFX products for September 2016 was 3,823,708 contract or an increase of 28.8 percent MoM and 15.8 percent YoY and its average daily trading volume was 174,987.

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Trading Composition

In terms of Click365’s trading composition in September 2016, the most widely utilized currency pair was again the USD/JPY, which increased to 1,146,275 contracts, or 30.7 percent MoM from 877,234 contracts one month ago, also compounded by a yearly increase of 7.8 percent YoY from September 2015.

Other pairs of note include the CAD/JPY, which saw its contracts sharply increase by 169 percent MoM from August 2016. By contrast, the EUR/USD fell -35.6 percent MoM and -42 percent YoY from September 2015.

Back on Track

FX trading appears to be back on track as all major ECNs are reporting a strong pick up in trading volumes during September, coming as a relief for companies whose profits derive from trading volumes after the August seasonal slowdown.


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