The Financial Futures Association of Japan (FFAJ) has released the statistics for over-the-counter (OTC) binary options retail trading across its eight reporting online trading firms for the month of April 2017. Trading volumes and payments took quite a plunge in comparison to the month of March earlier this year, which can be attributed to the number of active accounts.
According to the report, the trading volume fell from ¥41.584 billion ($370.977 million) in March to ¥37.908 billion ($338.155 million) in April. The trading payment reflecting the premium paid by traders has decreased as well, falling from ¥18.551 billion ($161.969 million) in the preceding month to ¥16.348 billion ($145.876 million).
The total number of existing client accounts grew by 0.47 percent from 365,420 in March to 367,128 to April. The number of active online trading accounts, however, slipped by 4.90 percent from 11,442 in the previous month to 10,881. It seems that not only are many traders opening accounts only to leave them untouched, but active traders are exiting the market too. The number of closed accounts stands at 561, following the lead of this time last year.
, the number of existing accounts increased to 343,455 from 341,946 in March 2016. The number of active accounts, contrarily, was similar to this year, as it fell from 12,786 in March to 12,225 the following month.
In currency pairs, forex trading volumes rose in all pairs, including but not limited to USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY, and CHF/JPY. April 2016 was characterized by small increases in all currency pairs with the exceptions of GBP/USD and AUD/JPY that were declining from March that year.
Be First to Comment