TFX’s Click365 Volumes Decline in August Despite GBP Trading Activity

The Tokyo Financial Exchange (TFX) has reported its volumes for the month ending August 2016, showing a sizable decline across the number of margin foreign exchange (FX) contracts traded by Click365 to the order of double digits, according to a TFX statement.

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A total of 2,500,302 contracts changed hands during August 2016, characterized by a decline of -26.5% MoM from 3,402,708 contracts in July 2016 – across a yearly time-frame however, Click365’s contracts also plunged by a margin of -36.6% YoY from August 2015. In addition, TFX saw a daily average of 108,714 contracts across its Click365 platform during August 2016, relative to 162,034 contracts in July 2016, constituting a fall of -32.9% MoM.

In terms of Click365’s trading composition in August 2015, the most widely utilized currency pair was again the USD/JPY, which declined to just 877,234 contracts, or -23.2% MoM from 1,141,886 contracts just one month ago, also compounded by a yearly drop of -19.4% YoY from August 2015.

Other pairs of note include the GBP/JPY, which saw its contracts abruptly fall by a factor of -52.3% MoM from July 2016. By extension, the GBP/JPY swelled 31.9% YoY from August 2015, still helped by lingering Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term following the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term fallout a few months prior.

In addition to the GBP/JPY, the GBP/USD also recorded a strong YoY growth for the same reason, surging 214.9% YoY from August 2015 as well as 76.2% MoM from July 2016.