TFX sees 7.9% MoM drop in Forex volumes in April 2016
TFX sees 7.9% MoM drop in Forex volumes explained by professional Forex trading experts the “TFX sees 7.9% MoM drop in Forex volumes” FX trading team.
TFX sees 7.9% MoM drop in Forex volumes
The Tokyo Financial Exchange (TFX) has just published its operating metrics for April 2016, with Forex volumes continuing to fall after already registering a double-digit decrease in March.
TFX’s Click 365 total trading volumes, that is, the volume of Exchange FX Margin contracts, fell 7.9% from March 2016 levels to 3,163,143 contracts. The annual comparison, however, was positive, as Click 365 volumes in April 2016 were up 13.4% from the result registered in April 2015. The average daily trading volume last month was 150,626 contracts.
The three most traded currency contracts through Click 365 in April 2016 were USD/JPY, AUD/JPY and GBP/JPY. The steepest month-on-month rise in trading volumes was registered by CAD/JPY (+110.4%).
Combined trading volume for all TFX products was 3,939,323 contracts, down 7.3% from March 2016 levels and up 6.6% from April 2015 levels. The average daily trading volume was 187,951 contracts, slightly up from March 2016 levels of 185,428 contracts.
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