TFX Reports Higher Volumes in December MoM, Lower YoY

The Tokyo Financial Exchange (TFX) has published its trading volumes for the final month of 2019 this Monday, revealing a healthy uptick in foreign exchange (forex) trading on a month-on-month comparison.

Namely, the total trading volume of FX daily futures contracts, which are traded through Click 365, was 1,669,741 contracts, with an average daily traded volume (ADV) of 75,897 contracts.

This represents a 15 percent increase from the previous month. However, although December’s figure has increased on a monthly comparison, it is still lower than in the same period of the previous year by 30.8 percent.

Trading of cable soars in December on TFX

The currency pair to report the largest increase in trading both on a monthly and yearly measurement was the British pound/US dollar, commonly referred to as the Cable. Namely, trading of this pair increased by a significant 131.1 percent month-on-month and 51.3 percent year-on-year.

Trading of three-month Euroyen futures on the exchange wasn’t as strong during the final month of last year, with the total trading volume coming in at 53,391 contracts and an ADV of 2,542 contracts. Therefore, trading in December dropped by 38.3 percent and 59.5 percent on a monthly and yearly comparison, respectively.

Equity index daily futures trading remained resilient last month, with a total trading volume of 714,685 contracts through Click kabu 365. This is higher by 7.8 percent against the trading volume achieved in the previous month. It has also increased by 18.9 percent on a yearly measurement.

For all TFX products, the combined trading volume was 2,437,817. The ADV for December of 2019 was 111,465 contracts. Although the trading volume is higher when weighed against November of 2019 by 10.8 percent, the overall trading volume has declined by 22.5 percent.

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