FFAJ Reports Q1 Volumes, Margin FX Incurs Quarterly Loss

The Financial Futures Association of Japan (FFAJ) has reported its operating metrics for the first quarter of its fiscal year ending June 30, 2015, underscoring a weakness in over-the-counter (OTC) foreign Exchange (FX) volumes, in according to an FFAJ statement.

Between Q1 2015 (April to June), the FFAJ saw a total of $11.77 trillion in terms of OTC margin FX trading volume – this represents a loss of -12.0% QoQ from $13.39 trillion in Q4 2014. Conversely, the FFAJ saw a total of 10.16 million domestic margin FX contracts in Q4 2014.

In terms of members reported by the FFAJ, the figures in Q1 2015 were devoid of change, yielding 22 members relegated to domestic margin FX and 56 members in OTC margin FX.

The FFAJ recently made headlines earlier this month after it released its trading volumes for July 2015, which reached over $392 million (JPY48 billion) in total for a constituency of eight companies currently operated on the Japanese binary options market – the figure was 10.5% higher MoM from June 2015. In addition, the number of existing accounts grew to 323,236 in July 2015, a 0.92% growth MoM. Finally, the number of active accounts reached 14,642 in total, showing a net increase of 542 accounts.