Japanese brokers close 2016 with low forex, binary options trading volumes

Japanese brokers close 2016 with low forex, binary options trading volumes

The Financial Futures Association of Japan (FFAJ) reported on Wednesday the combined trading volume of forex and binary options brokers in Japan posted a monthly drop in December.

The combined December over-the-counter (OTC) forex volumes of Japanese brokers fell 14.7% on the month to JPY 452.4 trillion and that from on-exchange forex trading dropped 27.4% to JPY 3.6%. Binary options brokers had a total trading volume of JPY 41 billion last month, which is 5.5% lower than the preceding month.

Year-on-year, trading volumes declined 14.7% in the binary options segment. Last month’s exchange-traded forex volume also posted a 6.3% annual decline, but in OTC forex segment things looked a little different – brokers reported a 27.5% annual growth.

FFAJ also provided information about accounts. There were 11,125 active binary option client accounts at the end of December, compared to 13,703 in January (the strongest month in 2016).

The Japanese regulator also reported a drop in the volumes of the USD/JPY, the most traded currency pair in Japan. In the binary options segment the monthly drop was rather low of 2.1% to nearly JPY 19.3 billion, but in the forex segment USD/JPY trading volume was 15.3% lower on the month to JPY 430.1 trillion.

Overall, both forex and binary option brokers closed 2016 rather poorly, compared to how they entered it. H1 was the more successful half of the year for such brokers. For monthly data about brokers’ trading metrics in Japan follows:

Forex

Binary Options

Trading volume

Number of brokers

Trading volume

Accounts

Number of brokers

Over-The-Counter

On-Exchange

Existing

Active

Jan

532.32 trl

4.76 trl

53

62.06 bn

337,932

13,703

8

Feb

593.97 trl

4.85 trl

53

51.65 bn

339,997

13,656

8

Mar

439.89 trl

3.72trl

53

40.35 bn

341,946

12,786

8

Apr

416.41 trl

3.17trl

52

36.48 bn

343,455

12,225

8

May

365.99 trl

3.14trl

52

30.40 bn

344,396

11,880

7

June

429.31 trl

4.73trl

52

41.04 bn

346,292

12,676

7

July

454.35 trl

3.40trl

52

44.59 bn

348,508

11,873

7

Aug

313.53 trl

2.52trl

53

35.15 bn

350,123

11,194

7

Sept

352.46 trl

3.18 trl

53

37.84 bn

352,151

11,905

7

Oct

313.68 trl

3.36 trl

53

32.82 bn

355,023

10,980

7

Nov

530.25 trl

4.96 trl

53

43.4 bn

356,916

11,929

7

Dec

452.4 tr

3.6 tr

53

41.0 bn

358,699

11,125

7


Leave a Reply

Your email address will not be published. Required fields are marked *