The Tokyo Financial Exchange (TFX) has just released its volumes for the month ending February 2017, having extended a recent decline across the number of margin foreign exchange (FX) contracts traded by Click365, according to a TFX statement.
Volumes Breakdown
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For February 2017, a total of 2,402,878 contracts changed hands, which was indicative of a decrease of -24.2 percent month-over-month from 3,168,720 contracts in January 2017 – this is the second consecutive monthly decline seen at the exchange, with volumes pointed lower so far in 2017.
Across a yearly time frame, Click365’s contracts also rescinded by a factor of -46.2 percent year-over-year from February 2016, suggesting that the recent trend is not seasonal in nature. In addition, TFX saw a daily average of 120,142 contracts across its Click365 platform during February 2017, relative to 150,894 contracts in January 2017, or -20.4 percent month-over-month.
The combined trading volume for all TFX products for February 2017 also came in at 3,002,912 compared with January 2017’s 3,869,211, reflecting a decrease of -22.4 percent month-over-month, as well as -46.5 percent year-over-year. The average daily trading volume in February 2017 was also reported at 150,144.
Trading Composition
In terms of Click365’s trading composition in February 2017, the USD/JPY recorded the highest average daily volumes of 53,204, which were off -34.7 percent on a month-over-month basis. The only currency pairs to notch a monthly gain in volumes were the GBP/USD at 18.5 percent month-over-month and the AUD/JPY, which climbed 9.0 percent month-over-month.
