TFX registers 23.1% MoM decrease in Forex volumes in March 2016
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Is Forex Trading Halal or Haram?
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The Tokyo Financial Exchange (TFX) has just posted its operating metrics for March 2016, with trading activity slowing down in comparison with a relatively robust February.
TFX’s Click 365 total trading volumes, that is, the volume of Exchange FX Margin contracts, dropped 23.1% from February 2016 levels to 3,436,055 contracts. On the brighter side, the reading for March 2016 was 15.2% stronger than in March 2015. The average daily trading volume last month was 149,393 contracts.
The three most traded currency contracts through Click 365 in March 2016 were USD/JPY, AUD/JPY and EUR/USD. The steepest month-on-month increase in trading volumes was marked by GBP/USD (+37.3%).
Combined trading volume for all TFX products was 4,251,745 contracts, down 24.3% month on month and up 7.3% year on year. The average daily trading volume was 185,428 contracts.
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