As August starts, Forex companies across the globe have commenced reporting their operating metrics for July 2015. We already saw Hotspot FX post a drop in its July trading volumes and earlier today the Tokyo Financial Exchange (TFX) added its weight to the trend by reporting a month-on-month drop in its Forex volumes too.
TFX saw Click 365 total trading volumes, that is, the volume of Exchange FX Margin contracts, amount to 3,512,328 contracts in July 2015. The result is 8.1% lower than in June 2015, which was a very robust month for TFX’s Forex volumes.
On the brighter side, annual comparisons were more favourable, with July 2015 trading volumes on Click 365 being 105.3% stronger than those in July 2014.
The daily average Click365 volumes were 152,710, down from 173,741 in June 2015.
Among currency pairs, trading with CAD/JPY, GBP/USD and AUD/JPY saw steep rise month-on-month, but trading with USD/JPY contracts fell 40.7% from June 2015 levels.
Combined trading volume for all TFX products was 4,320,471 contracts in July 2015, down 7.9% in monthly terms and up 94.4% in annual terms. Average daily trading volume was 188,065 contracts.
To view the official announcement by TFX on its July 2015 metrics, click here.