TFX Reports Overall Uptick in FX Trading in 2018

The Tokyo Financial Exchange (TFX) has ended the week by publishing its trading volumes for both the month of December and the whole of 2018 today. The 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, which reported mixed monthly trading results during 2018 managed to close off the year on a mostly positive footing.

Taking a look first at the monthly trading volumes specifically for December 2018, the amount of Interest Rate Futures contracts (three-month Euroyen) traded during the month was 131,931, representing an average daily volume (ADV) of 6,944 contracts.

When comparing this to November of 2018, which was a rather sluggish month for the exchange, this is a significant jump of 102.4 percent. However, when measured against the same time period last year, trading volume is down by 4.8 percent.

For December, the total trading volume of FX Daily Futures contracts (Click 365) was 2,411,887. Unlike the interest rate futures, this is less than what was achieved in November by 6.3 percent. However, December 2018 volumes were still up on a year-on-year basis by 16.5 percent.

For the month, the combined trading volume of all TFX products was around 3.1 million contracts. This is up both on a monthly basis (2.5 percent) and on a yearly comparison (15.8 percent).

TFX Trading Volumes for 2018

Broadening the scope to look at the whole of 2018, the combined trading volume for all TFX products was around 38.8 million contracts. This is up, however only slightly, by 0.9 percent on a year-on-year basis. The ADV for 2018 was 149,762.

Breaking this down, the trading volume of Three-month Euroyen futures for the year declined by 7.9 percent to reach more than 1.4 million, with an ADV of 5,811. Conversely, during the year the total trading volume of FX Daily Futures contracts was around 31.9 million contracts, which is a 10.1 percent jump year-on-year.