Tokyo Financial Exchange FX Trading Volumes Drop 25.5% in February

Monday, 03/03/2014 | 08:45 GMT by Avi Mizrahi

Click 365 exchange traded margin FX volume reached only 2,382,278 contracts during the month, which is a sharp decrease of 65.5% from February 2013. In total, TFX's volumes on all products fell by 21.3%.

The Japanese trading venue, Tokyo Financial Exchange (TFX), has released its volumes figures for the month of February 2014, showing considerable declines in FX trading both on a monthly comparison and on a yearly comparison.

During February, Click 365 exchange traded margin FX total volumes suffered a 25.5% decrease compared to the previous month, coming in at just 2,382,278 contracts, which is even worse in a yearly comparison as it is down 65.5% from February 2013. On average, the FX trading volume of Click 365 was 119,114 contracts a day during the month, compared with January's 145,343.

To put the February FX figures in perspective, the total trading volume on all TFX's products experienced a 21.3% decrease compared to the previous month, and it's down 59.6% year-on-year. Equity Index Margin trading volumes were down 13.7% compared to the previous month and interest rate futures trading actually increased by 10%.

Examining the most traded currency pairs on the TFX reveals that all yen-based pairs suffered declines in trading volumes in February, with only the GBP/USD increasing in volumes. The USD/YEN, CHF/YEN and NZD/YEN all experienced declines in trading volumes of over 30% over the month.