The (FFAJ) has published the volumes for over-the-counter (OTC) retail margin foreign exchange (forex) and binary options trading for the month of May this Friday.
The FFAJ publishes the monthly trading volumes of its OTC FX Margin and binary options trading providers. In the month of May, there were 54 operators in the FX space and eight in binary options, which is the same as April.
As , during the month of April, OTC FX margin and binary options trading were weak. In fact, this followed a larger global trend, as many trading providers reported a drop in volumes in April.
However, FFAJ members managed to report stronger results in May. In fact, the total over-the-counter volume of the (TFX) was ¥277.1 trillion. When measuring this against the previous month, this is up by 17.67 per cent.
The trading volume for the USD/JPY pair, Cross Yen, fared much better than it did in the previous month for FFAJ members, coming in at ¥249.6 trillion. This is higher by 22.67 per cent month-on-month, as April noted a volume of ¥203.4 trillion.
The trading volume for on-exchange contracts was also robust in the month of May, at ¥1.7 trillion. When weighing this against the previous month’s result of ¥1.5 trillion, it has risen by 20.1 per cent.
FFAJ: Binary Options Trading Volume Also Rises MoM
Moving onto binary options, which combines the trading volumes achieved by the eight FFAJ members including GMO Click Securities Co, last month also appears to have been a good month for the asset.
The total trading volume for the month was ¥27.7 billion. This represents a growth of 6 per cent against the ¥26.2 billion binary options trading volume achieved by trading providers in the previous month.
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