TFX Records Declines Across Board for Trading in November

This Monday the Tokyo Financial Exchange (TFX) reported its latest trading volumes for November 2018. Following an uptick in October, trading activity regressed during November, reporting declines across the board month-on-month.

The total Interest Rate Futures contracts (three-month Euroyen) traded in November was 65,182. This translates to an average daily volume (ADV) of 3,104. When compared to the previous month, this is down by 43.1 percent, as 114,555 contracts were traded in October. This figure is also down on a yearly comparison, dropping by 27.5 percent.

FX Trading sees a rare YoY uptick in November

Taking a look at FX Daily Futures contracts (Click 365) traded on TFX the total trading volume was 2,573,852 contracts. The ADV for the month was 116,993. When compared to October, this is a decline of 3.2 percent. However, when compared to the same month in 2017, this figure is up by 11.2 percent - the only segment to report a YoY increase.

During November, British Pound/US Dollar futures contracts traded on TFX saw the biggest uptick on a month-on-month basis, jumping by 48.5 percent to reach 46,755 contracts. In terms of ADV, this was 2,125. On a year-on-year basis, the number of contracts traded also increased by a significant 91.7 percent.

During October, this currency pair actually had the biggest month-on-month drop, falling by 22.7 percent with 31,485 contracts traded. Contracts were also down by 5.4 percent when compared to October 2017.

In November, the US Dollar/Japanese Yen was the worst performer, dropping by 23 percent to reach 573,462 contracts during the month. This translates to an ADV of 26,066. This trading volume is also down on a year-on-year basis by 20.8 percent.

Continuing on with the declining trend, the trading volume of Equity Index Daily Futures contracts (Click kabu 365) was also down in November. Specifically, a total of 429,157 contracts were traded, representing a fall of 47.9 percent month-on-month and 59.8 percent year-on-year.

Overall, the combined trading products for all products of TFX was 3,068,191 contracts, representing an ADV of 139,604 contracts. As can be expected, this is down across the board. On a monthly comparison its a drop of 14.7 percent and compared to November 2017, it’s 11.6 percent less.