The (TFX) has published its trading volumes for February of 2019 this Friday. Despite strong foreign exchange (forex) trading volumes in January, February reported a drop both month-on-month and year-on-year.
During the month of February, the combined trading volume for all TFX products was 2,294,704 contracts, with an average daily volume of 114,894. When comparing this to the previous month, this is down by 30.8 per cent and on an annual comparison, the drop is even steeper at 38.4 per cent.
In fact, all individual segments of TFX products, which includes FX Daily Futures, Three-month Euroyen futures and Equity Index Daily Futures , with all falling on a monthly and annual comparison.
FX Trading Falls MoM and YoY on TFX
Taking a look at FX Daily Futures contracts (Click 365), the results for February were disappointing, especially when factoring in the .
Specifically, total trading volume was 1,921,264 contracts in February. This is 32.1 per cent less than the 2,831,223 contracts traded in the previous month. February’s figure is also a decline of 38.2 per cent year-on-year.
Moving on to Three-month Euroyen futures, the results don’t look much better. During the month of February, the trading volume for this segment was 59,472 with an average daily volume of 3,130. This represents a fall of 49.5 per cent from January and 52.0 per cent from February of 2018.
Also today, the Tokyo exchange announced that it will extend its current discount program in Three-month Euroyen Futures until the end of March this year. You can learn more about the exact discounts .
The final segment of this analysis is Equity Index Daily Futures (Click kabu 365), which achieved a total trading volume of 313,968 contracts and an average daily volume of 15,699 contracts.
Just like all of the other segments, this represents a downturn of 15 per cent when measured against the previous month. The decline, when compared with February of 2018 is even steeper at 36.5 per cent.
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