For the entire survey of the market trading activity during the month of March the Financial Futures Association of Japan (FFAJ) has just released the monthly operating metrics of its members, who provide forex and binary options trading over the counter.
The survey consists of 53 FFAJ members, who submit their reports for forex trading volumes and 8 members, publishing data about their OTC binary options trading. The numbers is unchanged from previous months.
The results met estimates as this month proved to be mostly negative in all the forex brokers and forex and binary options trading volumes in Japan were not an exception, showing a significant drop over the previous month.
Let’s take a look at the OTC Forex data in the first place.
- According to the report, their OTC retail Forex margin trading volumes reached ¥439.8 trillion (or $4.03 trillion), what is a drop of 26% from the levels seen in the previous month.
- The report saw the largest decline on a monthly basis in trading volumes of the USD/JPY currency pair, while the highest increase in trading volumes was seen at the EUR/USD pair.
- The top three most traded currency pairs were the same as in the previous month: USD/JPY, AUD/JPY and GBP/JPY.
The binary options statistics comes from 8 members as mentioned about. Let’s take a look at them.
- Binary options trading volumes reached ¥40.36 billion in March 2016 in total, what is a decline of 21.9% from the number reached in February 2016, which also experienced a fall in volumes in binary options trading. On an annual basis, the decline was even larger, reaching 28.8%.
- Trading payment dropped 3.6% month-on-month to reach ¥18.6 billion.
- The number of active accounts eased to 12,786 during the month of March 2016, significantly in comparison with 13,656 rached in February 2016.
To read the full FX report, click here.
To read the full binary options report, click here.
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