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Trading Finally Begins to Cool Down in Japan’s TFX

by Ron Finberg
    Trading Finally Begins to Cool Down in Japan’s TFX
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    It’s the beginning of a new month, and as usual the Tokyo Financial Exchange

    (TFX) is one of the first venues reporting its trading volumes. During March, Click 365 FX Trading finally began to cool down after several months in a row of strong growth. For the month, total trading volume of Click 365 contracts was registered at 5,007,181, with average daily volume (ADV) of 238,471, a 27.6% decline from February’s figures. Leading the decline was the EURJPY which had been a highflier in terms of volume over the past few months, with trading falling 46.7% in the cross. As such, the USDJPY, which only experienced a 15.3% decline retook the top spot as the most traded FX contract.

    Looking ahead, we should shortly see figures from both GMO Click and DMM Securities, the world’s number one and two retail Forex

    brokers by volume in the next few days. Their reports will let us know if the decline at the TFX was limited to futures or also effected OTC FX trading.

    TFX Monthly Contract Volume

    TFX Monthly Contract Volume

    It’s the beginning of a new month, and as usual the Tokyo Financial Exchange

    (TFX) is one of the first venues reporting its trading volumes. During March, Click 365 FX Trading finally began to cool down after several months in a row of strong growth. For the month, total trading volume of Click 365 contracts was registered at 5,007,181, with average daily volume (ADV) of 238,471, a 27.6% decline from February’s figures. Leading the decline was the EURJPY which had been a highflier in terms of volume over the past few months, with trading falling 46.7% in the cross. As such, the USDJPY, which only experienced a 15.3% decline retook the top spot as the most traded FX contract.

    Looking ahead, we should shortly see figures from both GMO Click and DMM Securities, the world’s number one and two retail Forex

    brokers by volume in the next few days. Their reports will let us know if the decline at the TFX was limited to futures or also effected OTC FX trading.

    TFX Monthly Contract Volume

    TFX Monthly Contract Volume

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