Japanese Binary Options Trading Volume Increased 10.5% in July

The latest official data on the Japanese binary options market published today by the Financial Futures Association of Japan (FFAJ) shows hope for the summer period in relation to growth in trading volumes and number of accounts. The data reveals a very nice improvement in July 2015 for what is usually a slow month due to the summer market cooldown.

July trading volumes reached over ¥48 billion ($392 million) in total for the eight companies currently operating on the Japanese binary options market. The figure is 10.5% higher when compared to the month of June 2015. The number of existing accounts grew to 323,236 in July, a 0.92% increase compared to the previous month. That also contributed to a higher number of active accounts, which reached 14,642 in total, 542 more accounts than in June.

In contrast, a yearly comparison of the Japanese binary options trading volume shows much more clearly that the industry has great room for growth. The July 2015’s ¥48 billion figure is down 9.3% compared with July 2014’s figure of ¥53 billion, which in itself was a major disappointment after dropping from ¥117.5 billion in April 2014. The number of existing accounts is much higher when compared to 2014's record which means that the average trading volume per client has crashed compared to the high monthly figure from last year.

The figures above only track the regulated binary options business in Japan. A minimum expiration time of 2 hours has been introduced by Japanese authorities on top of a so-called ladder option structure, where users choose a predefined expiration rate instead of the market price.

The FFAJ also released OTC retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term volumes figures for July 2015. The data showed that Japanese FX trading volumes amounted to just ¥48 trillion ($3.85 billion), down 9.5% from the ¥530 trillion reported the previous month.