TFX’s Click365 Trading Volumes Extend Decline in January

The Tokyo Financial 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 (TFX) has reported its volumes for the month ending January 2017,revealing a decline across the number of margin foreign exchange (FX) contracts traded by Click365, extending last month’s decline, according to a TFX statement.

Trading Volumes

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A total of 3,168,720 contracts changed hands during January 2017, reflecting a decrease of -4.4 percent MoM from 3,313,627 contracts in December 2016. Across a yearly time-frame, Click365’s contracts also fell by -26.8 percent YoY from January 2016. In addition, TFX saw a daily average of 150,894 contracts across its Click365 platform during January 2017, relative to 150,619 contracts in December 2016, constituting a marginal increase of 0.2 percent MoM.

The combined trading volume for all TFX products for January 2017 was 3,869,211 compared with December’s 3,909,796, reflecting a decrease of -1.0 percent MoM and falling -29.0% YoY. The average daily trading volume was 184,881.

Trading Composition

In terms of Click365’s trading composition in January 2017, the GBP/USD recorded figures of 84,284 which, while lower than those of the USD/JPY, represented the highest increase over the previous month of 59.4 percent, with a YoY increase of 71.4 percent.

Last month saw Click365 results nosedive and this month's continuing decline means the brokerage has started the new year on a somewhat downbeat note.