TFX’s Volumes Pointed Higher in March, Helping Pare Q1 Declines

March's volumes helped snap a recent decline at TFX, buoyed by USD/JPY trading and volatility.

The Tokyo Financial Exchange (TFX) has just reported its volumes for the month ending March 2017, having snapped a recent decline across the number of margin foreign exchange (FX) contracts traded by Click365, according to a TFX statement.

Volumes Breakdown

For March 2017, a total of 2,697,615 contracts changed hands, which corresponded to an increase of 12.3 percent month-over-month from 2,402,878 contracts in February 2017 – the month’s reading reversed what had been a consecutive monthly decline seen at the exchange, which helped pare some of its volumes losses in 2017.

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Across a yearly timetable, Click365’s contracts also moved lower by a factor of -21.5 percent year-over-year from March 2016 – so far every month in 2017 has performed worse than its 2016 counterpart. Moreover, TFX saw a daily average of 117,290 contracts across its Click365 platform during March 2017, relative to 120,142 contracts in February 2017, or -2.4 percent month-over-month. This decline was attributed to a difference in the number of trading days (23 vs. 20).

Trading Composition

In terms of Click365’s trading composition in March 2017, the USD/JPY recorded the highest average daily volumes of 45,113 contracts, which were off –2.5 percent on a month-over-month basis. The main currency pairs to notch a monthly gain in volumes were the ZAR/JPY at 53.8 percent month-over-month and the GBP/JPY, which climbed 41.0 percent month-over-month.

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