TFX’s Volumes Pointed Higher in March, Helping Pare Q1 Declines

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 just reported its volumes for the month ending March 2017, having snapped a recent decline across the number of margin foreign exchange (FX) contracts traded by Click365, according to a TFX statement.

Volumes Breakdown

For March 2017, a total of 2,697,615 contracts changed hands, which corresponded to an increase of 12.3 percent month-over-month from 2,402,878 contracts in February 2017 – the month’s reading reversed what had been a consecutive monthly decline seen at the exchange, which helped pare some of its volumes losses in 2017.

Across a yearly timetable, Click365’s contracts also moved lower by a factor of -21.5 percent year-over-year from March 2016 – so far every month in 2017 has performed worse than its 2016 counterpart. Moreover, TFX saw a daily average of 117,290 contracts across its Click365 platform during March 2017, relative to 120,142 contracts in February 2017, or -2.4 percent month-over-month. This decline was attributed to a difference in the number of trading days (23 vs. 20).

Trading Composition

In terms of Click365’s trading composition in March 2017, the USD/JPY recorded the highest average daily volumes of 45,113 contracts, which were off –2.5 percent on a month-over-month basis. The main currency pairs to notch a monthly gain in volumes were the ZAR/JPY at 53.8 percent month-over-month and the GBP/JPY, which climbed 41.0 percent month-over-month.