After a , the Tokyo Financial Exchange (TFX) has today published its trading volumes for the month of February, revealing an uptick in foreign exchange (forex) trading.
Overall, achieved an increase in trading for the month, with the combined trading volume for all TFX products coming in at 4,306,984 contracts. This represents a 38.1 per cent growth on a monthly comparison. It is also higher by 87.7 per cent year-on-year.
TFX sees solid FX trading
Taking a look at forex trading, February proved to be a fruitful month for the exchange. In particular, the total trading volume of FX Daily Futures contracts, traded through Click 365, was 2,449,177.
When weighing this against the previous month, trading has risen by 24.6 per cent. On a yearly measurement, trading has improved by 27.5 per cent. During February of 2020, the average daily trading volume of FX Daily Futures contracts was 122,459.
Taking a look at volumes for each of the currency pairs, it was the Australian dollar/Japanese yen pair which posted the biggest monthly gain. In particular, 266,766 contracts were traded during the month, which represents an uptick of 46.9 per cent from January of 2020.
However, the currency pair which achieved the strongest yearly gain was British pound/US dollar. During February 48,338 contracts were traded, which represents an average daily volume of 2,417 contracts. Overall, the pair’s volume was higher by 71.0 per cent year-on-year, and it was also up by 27.2 per cent against the previous month.
Similar to FX trading, February was also a strong month for the trading of Equity Index Daily Futures contracts. During the month, the total volume was 1,827,417 contracts, with an average daily trading volume of 91,370 contracts.
Not only has trading increased by 64.9 per cent when measured against the previous month, but trading increased significantly on a yearly scale – climbing by 482.0 per cent year-on-year.
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