TFX Mixed Trading Volumes Persist in November as FX Drops

The Tokyo Financial Exchange (TFX) announced its volumes for the month of November this Monday, with the Japanese 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 reporting an overall weak month in terms of foreign exchange (forex) trading.

For the Japanese exchange as a whole, the combined trading volume for all TFX products was 2,201,080 contracts, with an average daily trading volume of 105,020 contracts. When comparing this against the previous month, it is lower by 24.3 percent. November’s figure has also fallen by 28.3 percent year-over-year.

FX trading falls on TFX

Taking a look at the total trading volume of 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 daily futures contracts, the picture does not look much better, with only 1,451,538 contracts traded during the month of November. This translates to a daily trading volume of 69,121 contracts.

In terms of growth, the trading volume for FX daily futures in November fell on both a monthly and yearly comparison. In particular, it declined by 29.0 percent and 43.6 percent against the previous month and year-on-year, respectively.

Taking a look at individual currency pairs, trading of the British pound/US dollar fell by 74.4 percent when compared to the previous month, with 22,825 contracts traded in November, and a daily average volume of 1,087.

On the reverse side, the currency pair to record the biggest monthly growth in November is the New Zealand dollar/Japanese yen currency pair, which rose by 36.9 percent from October. On a yearly comparison, the Mexican peso/Japanese yen posted the biggest uptick.

Moving on to three-month Euroyen futures, things look a bit better for the exchange. This is because, during the month of November, the trading volume was 86,459 contracts with an average daily volume of 4,323 contracts. This represents an increase of 88.9 percent and 32.6 percent on a monthly and yearly comparison, respectively.