FFAJ Reports Recovery in OTC FX Margin Volumes in May

The Financial Futures Association of Japan (FFAJ) has published the volumes for over-the-counter (OTC) retail margin foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (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) and binary options trading for the month of May this Friday.

The FFAJ publishes the monthly trading volumes of its OTC FX Margin and binary options trading providers. In the month of May, there were 54 operators in the FX space and eight in binary options, which is the same as April.

As Finance Magnates reported, during the month of April, OTC FX margin and binary options trading were weak. In fact, this followed a larger global trend, as many trading providers reported a drop in volumes in April.

However, FFAJ members managed to report stronger results in May. In fact, the total over-the-counter volume of the Tokyo Financial Exchange (TFX) was ¥277.1 trillion. When measuring this against the previous month, this is up by 17.67 percent.

The trading volume for the USD/JPY pair, Cross Yen, fared much better than it did in the previous month for FFAJ members, coming in at ¥249.6 trillion. This is higher by 22.67 percent month-on-month, as April noted a volume of ¥203.4 trillion.

The trading volume for on-exchange contracts was also robust in the month of May, at ¥1.7 trillion. When weighing this against the previous month’s result of ¥1.5 trillion, it has risen by 20.1 percent.

FFAJ: Binary Options Trading Volume Also Rises MoM

Moving onto binary options, which combines the trading volumes achieved by the eight FFAJ members including GMO Click Securities Co, last month also appears to have been a good month for the asset.

The total trading volume for the month was ¥27.7 billion. This represents a growth of 6 percent against the ¥26.2 billion binary options trading volume achieved by trading providers in the previous month.