TFX’s Click365 Trading Volumes Nosedive in December

Last month's declining volumes mean the Japanese exchange ends the year on a downbeat note.

The Tokyo Financial Exchange (TFX) has reported its volumes for the month ending December 2016, this time revealing a decline 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 3,313,627 contracts changed hands during December 2016, reflecting a decrease of -29.6 percent MoM from 4,703,670 contracts in November 2016. Across a yearly time-frame, Click365’s contracts also fell by -6.0 percent YoY from December 2015. In addition, TFX saw a daily average of 150,619 contracts across its Click365 platform during December 2016, relative to 213,802 contracts in November 2016, constituting a decrease of -29.6  percent MoM.

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The combined trading volume for all TFX products for December 2016 was 3,909,796 compared with November’s 5,438,267, reflecting a decrease of 28.1 percent MoM and down 9.2% from the same month of the previous year. The average daily trading volume was 178,317.

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Trading Composition

In terms of Click365’s trading composition in December 2016, the most widely utilised currency pair was again the USD/JPY, which recorded figures of 1,622,025 contracts compared with 1,913,181 in November, however, still registering a -15.2 percent fall MoM. This was counteracted by a yearly increase of 60.8 percent YoY from December 2015.

Overall Transaction Volume in 2016

The exchange has also reported that its transaction volume of all products for the year (January – December 2016) totalled 52,086,497, reflecting a 6.3 percent increase over the previous year, with an average daily volume of 194,033.

After last month’s strong Click365 results, this month delivers somewhat disappointing figures for the exchange which has recorded a mixed bag of data during the year.

The last few months have generally seen positive figures with November data providing the icing on the cake, but with a downturn once again in December, the exchange will be looking to kick off the new year on a more positive note.

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