TOCOM’s April Customer Trades Climb Higher MoM, Inking New Highs

Customer trading volume at TOCOM has reached a new all-time high, overtaking an earlier record set back in January 2016.

The Tokyo Commodity Exchange, Inc., (TOCOM) one of Japan’s largest and most widely utilized futures and commodities exchanges, has reported its turnover and volume for the month ending April 2016, which once again saw decreasing figures MoM, though ultimately setting a new high in customer trade accounts as a percentage of overall trades, according to a TOCOM statement.

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In particular, TOCOM’s customer trades have been sharply higher in Q1 2016, following what had been a lackluster close to 2015. The exchange reached a peak in volumes back in February after it reported its best ever performance of 2.67 million contracts. Since then however, TOCOM has incurred consecutive monthly declines in its volumes, with April 2016 being no exception.

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For the month ending April 2016, TOCOM saw a monthly volume of customer trades (which combines both the buy- and sell-sides) of only 2.42 million contracts, falling -2.8% MoM from 2.49 million contracts set back in March 2016. Compared to its peak earlier this year, the latest volumes are reflective of a retreat of 9.3% from February 2016. Over a yearly timetable, the exchange also managed to beat its 2015 counterpart, which had previously been unable to eclipse 2.0 million contracts in April 2015.

In addition, April 2016 saw TOCOM’s customer trades account for 51.6% of the total trades of 4.68 million contracts a month, which is a new record. This latest figure also topped a previous high of 50.8% when TOCOM reported a volume of 2.49 million contracts back in January 2016.

The overall performance of TOCOM is largely on a par with the rest of the industry, which in general had seen a decline in volumes throughout Q1 2016. Many other venues, specifically those engaged in futures, have been a mixed bag in 2016 thus far, rescinding from earlier highs inked in the beginning of the calendar year.

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