Tokyo Financial Exchange Reports a Dip in FX Futures Contracts

The total number of FX Daily Futures contracts reached 1.9 million in May 2021.

Tokyo Financial Exchange (TFX), a leading futures exchange in Japan, released its trading numbers for May 2021 today. TFX saw a drop in the total number of FX Daily Futures contracts in the last month as the total trading volume reached 1,900,153 contracts, which is down 4.6% compared to April 2021.

According to the official numbers, the average daily volume touched 90,481. The latest FX Daily Futures contracts were down significantly compared to the same period last year. In May 2021, the largest drop was recorded in the Turkish Lira -Japanese Yen as a sharp dip of 35.2% was reported in the number of contracts related to the FX pair.

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“The total trading volume of FX Daily Futures contracts (Click 365) was 1,900,153 ( -4.6% MoM / -17.0% YoY ), and its average daily trading volume was 90,481,” TFX mentioned in the latest announcement.

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The US Dollar-Japanese Yen remained the most popular FX pair with the highest trading volume in May 2021. Mexican Peso-Japanese Yen came in at the second spot followed by the South African Rand-Japanese Yen at third place.

FX Clearing and Equity Index

TFX mentioned that the total trading volume of FX Clearing reached 1,472,243 by 17 May 2021, and its average daily volume touched 133,840. In terms of Equity Index Daily Futures contracts, the exchange saw a significant jump last month.

“The total trading volume of Equity Index Daily Futures contracts (Click Kabu 365) was 3,808,537 ( +50.7% MoM / +261.0% YoY ) and its average daily trading volume was 181,468. Commencing on October 26, 2020, Equity Index Daily Futures with Reset Date have been listed in TFX. Specifically for DJIA Dairy Futures contract with Reset Date, the trading units are set downsizing to one-tenth of the identical contract without Reset Date,” TFX added.

Overall, the combined trading volume for all TFX products reached 7,184,942 in May 2021, which is a substantial jump of 58% compared to April 2021. The average daily trading volume stood at 406,012. However, the exchange reported a dip of nearly 60% in Interest Rate Futures contracts during May 2021.

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