The (TFX) has published its trading volumes for May of 2019 this Monday. Although the exchange did see an uptick in trading on a month-on-month basis, volumes still remain down on a yearly comparison.
The in terms of market volatility, especially for foreign exchange (forex). This has been reflected in the volumes reported by brokers and exchanges across the world.
May, however, has been the first month to start to show some life again in the FX markets. Through Click 365, TFX reported a total trading volume of 2,199,105 FX Daily Futures contracts which translates to an average daily volume (ADV) of 95,614.
When comparing this to April, which was a , May’s volume is higher by 19.4 per cent. However, it is still down on a year-on-year comparison by 28 per cent.
AUD/JPY Trading Dominates on TFX
During the month of May, the Australian dollar/Japanese yen (AUD/JPY) currency pair recorded the best performance. With 274,745 contracts traded during the month and an ADV of 11,945, the monthly volume increased by 47 per cent month-on-month and 57.7 per cent year-on-year.
The worst performing currency pair in May was none other than the Euro/United States dollar (EUR/USD) – the most traded currency pair in the world. During the month a total of 20,592 895 contracts (an average of 895 per day) were traded for this currency pair, which represents a 52 per cent and 74.7 per cent fall month-on-month and year-on-year, respectively.
The combined trading volume for all TFX products was 3,147,210 contracts with an ADV of 137,295. Compared to April, this volume is higher by 35.7 per cent, but it is still lower on an annual comparison of 9.7 per cent.
Be First to Comment