FFAJ Reports Drops in November Trading Activity Across FX - Binary OTC

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

Financial Futures Association of Japan FFAJ

FFAJ Reports Drops in November Trading Activity Across FX and Binary OTC Segment

December 14, 2018

Financial Futures Association of Japan FFAJThe Financial Futures Association of Japan (FFAJ) on Friday has published November month over-the-counter (OTC) retail fx margin trading figures. The FFAJ is a self-regulatory body established in 1989 to govern the Japanese futures market

After reporting a surprise uptick in trading activity in October 2018 by all its FFAJ members, the overall downside trend this month seems to be restored back on the back of the sluggish market. In November month, FFAJ members wiped out most of the gains it achieved in the October month.

Prior to October, the last four months had seen a consecutive decline in trading activity by its 53 members, which has been constant since April 2018. In the month of November, the total OTC retail FX margin trading volumes were reported at ¥314 trillion ($2.8 trillion), registering a drop of 11.2 per cent month-on-month from ¥354 trillion.

Since May 2018, which recorded monthly trading volume of ¥371 trillion, the OTC trading activity for FFAJ members has been on a constant downward trend with October showing the surprise change in momentum. The trading volume for USDJPY has recorded 14.53 per cent month on month fall to reach ¥314 trillion. On exchange contracts are also down by 10.71 per cent or 2,672 contracts, coming in at 22,284 contracts in November. 

In the OTC binary options segment, the trading volume of its members was similar to the retail FX figures, registering a down from October 2018. In November month, the total trading volumes came in at ¥30.5 billion, which is 5.3 per cent less than what it had in October at ¥32.2 billion. The total number of trading payments during the month was 15.6 billion, which is 5 per cent less month-on-month from 16.5 billion. 


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