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Japanese forex brokers’ trading volumes from both over-the-counter (OTC) and on-exchange retail forex dropped to their lowest values since the beginning of the year, indicated data published on Wednesday by the Financial Futures Association of Japan (FFAJ). Retail OTC trading volumes declined by 5.3% over the month to JPY 416.4 trillion in April 2016, while exchange-traded dropped 14.9% month-on-month to nearly JPY 3.2 trillion. Compared to April 2015, OTC volumes dropped by 10% and on-exchange volumes went down 3.7%.
Meanwhile, the combined volumes from binary options trading that brokers generated in April went down by 9.6% from the previous month to nearly JPY 36.5 billion. The figure represents a decline of 12.4% from a year earlier.
Forex | Binary Options | ||||||
Trading volume | Number of brokers | Trading volume | Accounts | Number of brokers | |||
Over-The-Counter | On-Exchange | Existing | Active | ||||
Jan | 532,327,200,000,000 | 4,757,300,000,000 | 53 | 62,062,620,972 | 337,932 | 13,703 | 8 |
Feb | 593,970,500,000,000 | 4,855,400,000,000 | 53 | 51,653,882,068 | 339,997 | 13,656 | 8 |
Mar | 439,899,200,000,000 | 3,728,100,000,000 | 53 | 40,356,089,233 | 341,946 | 12,786 | 8 |
Apr | 416,410,800,000,000 | 3,172,800,000,000 | 52 | 36,489,348,439 | 343,455 | 12,225 | 8 |
The USD/JPY continued to be the most traded currency pair in Japan. Forex brokers’ combined volume from trading in the currency pair dropped 2.8% over the month to JPY 389 trillion in April, while the volume of trading in binary options on the USD/JPY stood at JPY 17.7 billion, or 8.3% less than in the previous month.
The regulator’s monthly report showed that in the forex segment open positions were on decline in April, while the JPY short positioned remained at levels close to those a month earlier, resulting in a JPY 568.8 billion increase in net JPY short positions.
The FFAJ said it received reports for April from 52 forex brokers and eight binary options brokers – GMO Click Securities, Traders Securities, IG Securities, FX PRIME by GMO, JFX, YJ FX, Hirose FX, and FX Trade Financial.
Some Japanese forex brokers have already posted their monthly trading metrics for April. GMO Click Securities, part of GMO Click group, was the broker with the highest retail trading volume not only in its native Japan, but also on a global scale. FX Prime, also part of GMO Click group, generated a trading volume of JPY 7.0 trillion last month. For both brokers, April was the worst month in terms of trading volume since the beginning of the year.
Meanwhile, Money Partners Group, also based in Japan, reported a trading volume of 74.4 billion in account base currencies. The broker did not provide a volume converted into a single currency, neither comparative figures. Although the broker’s volume dropped by a monthly 5.1% to JPY 103.3 trillion, it firmly maintained its leader position. Monex Group, which usually publishes similar information, provided no trading volume data for April.
Source: FFAJ