The Tokyo Financial Exchange (TFX) has published its operating metrics for May 2016, with Forex volumes continuing to fall after already registering decreases in both April and March.
TFX’s Click 365 total trading volumes, that is, the volume of Exchange FX Margin contracts, fell 4.8% from April 2016 levels to 3,010,274 contracts. The annual comparison, however, was positive, as Click 365 volumes in May 2016 were up 8.9% from May 2015. The average daily trading volume last month was 136,830 contracts.
All-important USDJPY trading was down 14% in May.
The three most traded currency contracts through Click 365 in May 2016 were USD/JPY, AUD/JPY and GBP/JPY. The steepest month-on-month rise in trading volumes was registered by CHF/JPY (+219.7%).
The drop in Click 365 FX trading in Japan mirrors the institutional eFX figures we’ve posted on for international venues, including Hotspot FX and Gain Capital GTX.
