FFAJ Reports February Binary Options Down 16.7% in Japan

The Financial Futures Association of Japan (FFAJ) has updated information on its website reporting the total number of trading volume for the month of February which reached JPY 51,653,882,068 from among its eight reporting members in Japan.

This total represents a 16.7% decline in binary options volumes from the January total of JPY 62,062,620,972 that we wrote about for the previous month. The bulk of the difference in February appears to be the large drop in AUD/JPY volumes which had spiked in January, in addition to decreases in EUR/JPY volumes by nearly a trillion yen, whereas volumes in USD/JPY contracts was little-changed month-over-month.

The number of total existing accounts grew slightly in February to 339,997 from 337,932 in January, yet the total number of active accounts from that total decreased from 13,703 in January to 13,656 in the subsequent month, reflecting the lower trading volumes month-over-month.

Finance Magnates recently covered when the association reported its February foreign Exchange volumes for February 2016 which had risen during the month when compared to the start of the year, after one of its member firms had reported its binary options figures for the month.

The profit-loss ratio across all members averaged about 93.0 during February, lower from the January average of 96.00 across the 8 providers.