TFX Reports Overall Uptick in FX Trading in 2018

TFX Reports Overall Uptick in FX Trading in 2018

January 4, 2019

The Tokyo Financial Exchange (TFX) has ended the week by publishing its trading volumes for both the month of December and the whole of 2018 today. The exchange, which reported mixed monthly trading results during 2018 managed to close off the year on mostly positive footing.

Taking a look first at the monthly trading volumes specifically for December 2018, the amount of Interest Rate Futures contracts (three-month Euroyen) traded during the month was 131,931, representing an average daily volume (ADV) of 6,944 contracts.

When comparing this to November of 2018, which was a rather sluggish month for the exchange, this is a significant jump of 102.4 per cent. However, when measured against the same time period last year, trading volume is down by 4.8 per cent.

For December, the total trading volume of FX Daily Futures contracts (Click 365) was 2,411,887. Unlike the interest rate futures, this is less than what was achieved in November by 6.3 per cent. However, December 2018 volumes were still up on a year-on-year basis by 16.5 per cent.

For the month, the combined trading volume of all TFX products was around 3.1 million contracts. This is up both on a monthly basis (2.5 per cent) and on a yearly comparison (15.8 per cent).

TFX trading volumes for 2018

Broadening the scope to look at the whole of 2018, the combined trading volume for all TFX products was around 38.8 million contracts. This is up, however only slightly, by 0.9 per cent on a year-on-year basis. The ADV for 2018 was 149,762.

Breaking this down, the trading volume of Three-month Euroyen futures for the year declined by 7.9 per cent to reach more than 1.4 million, with an ADV of 5,811. Conversely, during the year the total trading volume of FX Daily Futures contracts was around 31.9 million contracts, which is a 10.1 per cent jump year-on-year.

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