After ending the year 2018 with mixed results, Tokyo Financial Exchange (TFX) on Friday has released its January Fx volume figures, reporting strong growth in the first month of the year.
The combined trading volume of all TFX products during the month came in at 3,318,379 contracts with average daily volumes at 151,684 contracts, which is 5.5 per cent higher when measured against the December 2018 metrics and 3.8 per cent higher when compared to January of 2018.
Breaking down the total volume figures, the total trading volume for the foreign exchange daily futures contract (Click365) is 2,831,223 contracts, with an average daily trading volume of 128,693 contracts.
The total interest rate futures contract (three-month Euro-Yen) traded in January 2018 was 117,834 contracts with average daily volumes coming in at 6,202 contracts. When compared to the previous month, the total trading volume is 10.7 per cent lower from 131,931 contracts in December 2018 but is 21.5 per cent higher compared to January 2018 volumes.
The trading volumes for FX daily futures contracts jumped 17.4 per cent month-on-month, and on a yearly comparison, it is 14 per cent higher from January 2018.
The Euro/USD currency pair witnessed the biggest month on month increase of 78.8 per cent with 71,107 contracts during the month, and the AUD/JPY currency pair recorded the biggest yearly gain of 149.4 per cent.
The total trading volume in the equity index daily futures contracts (Click Kabu 365) was 369,322 contracts, with average daily trading volume figures at 16,789 contracts, which is down by 38.6 per cent on monthly comparison and 40.2 per cent lower on yearly comparison.