The Tokyo Financial Exchange (TFX) has published its operating metrics for June 2016, with Forex volumes rising dramatically after seeing three consecutive decreases in March through May.
TFX’s Click 365 total trading volumes, that is, the volume of Exchange FX Margin contracts, rose a whopping 56.2% MoM from May 2016 levels to 4,702,661 contracts. The annual comparison was also positive, as Click 365 volumes in June 2016 were up 23% from June 2015. The average daily trading volume last month was 213,759 contracts.
All-important USDJPY trading was up 59.9% in May.
The three most traded currency contracts through Click 365 in June 2016 were JPY crosses with the USD, GBP, and AUD. The steepest month-on-month rise in trading volumes was registered, not surprisingly, by GBP/JPY (+213.2%), given all the Brexit-driven interest and volatility in the British Pound.
The rise in Click 365 FX trading in Japan mirrors the institutional eFX figures we’ve posted on for international venues, including FastMatch, Hotspot FX and Gain Capital GTX.