TFX’s Click365 Volumes Decline in August Despite GBP Trading Activity

FX volumes continued to point lower in August, capping off a consecutive monthly decline at TFX.

The Tokyo Financial Exchange (TFX) has reported its volumes for the month ending August 2016, showing a sizable decline across the number of margin foreign exchange (FX) contracts traded by Click365 to the order of double digits, according to a TFX statement.

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A total of 2,500,302 contracts changed hands during August 2016, characterized by a decline of -26.5% MoM from 3,402,708 contracts in July 2016 – across a yearly time-frame however, Click365’s contracts also plunged by a margin of -36.6% YoY from August 2015. In addition, TFX saw a daily average of 108,714 contracts across its Click365 platform during August 2016, relative to 162,034 contracts in July 2016, constituting a fall of -32.9% MoM.

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In terms of Click365’s trading composition in August 2015, the most widely utilized currency pair was again the USD/JPY, which declined to just 877,234 contracts, or -23.2% MoM from 1,141,886 contracts just one month ago, also compounded by a yearly drop of -19.4% YoY from August 2015.

Other pairs of note include the GBP/JPY, which saw its contracts abruptly fall by a factor of -52.3% MoM from July 2016. By extension, the GBP/JPY swelled 31.9% YoY from August 2015, still helped by lingering volatility following the Brexit fallout a few months prior.

In addition to the GBP/JPY, the GBP/USD also recorded a strong YoY growth for the same reason, surging 214.9% YoY from August 2015 as well as 76.2% MoM from July 2016.

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