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FFAJ Experiences Blended FX Volumes in Second Quarter

The Monetary Futures Affiliation of Japan (FFAJ) launched its member exercise report for the second quarter this Friday. Regardless of there being an ever so slight enhance in its membership ranks, the Japanese regulator reported a strong uptick within the quantity of international alternate (foreign exchange) contracts traded.

The FFAJ is a self-regulatory physique established in 1989 to control the Japanese futures market. On the finish of the second quarter, which spans from July to September, it had 142 members. That is another than on the finish of the primary quarter ended June 30, 2018.

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Whereas foreign exchange contracts had been up, general, the buying and selling exercise of members of the FFAJ was combined. General, the entire quantity of on-exchange contracts traded was nearly 16.1 million contracts. That is lower than the primary quarter by three.38 p.c, as greater than 16.6 million contracts had been traded throughout this era.

The variety of home contracts traded through the second quarter, alternatively, was up. In Q2, just below 10.2 million contracts had been traded which is eight.88 p.c greater than the quantity that was traded in Q1 – 9.three million.

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The entire home over-the-counter (OTC) buying and selling quantity through the second quarter got here in at ¥eight.86 trillion. Whereas this like appear to be lots, this worth is lower than that achieved within the first quarter, which was ¥10.1 trillion.

Foreign currency trading volumes of FFAJ members

Having a look at foreign exchange contracts, the entire on-exchange home futures contracts traded had been 9.three million contracts. This represents a soar of barely greater than eight p.c from the primary quarter.

The variety of foreign exchange contracts traded for abroad futures was 128,109 contracts. That is additionally up by 21.14 p.c from the primary quarter, with 105,751 contracts traded through the interval.

Nevertheless home OTC foreign exchange contracts had been down on a quarter-on-quarter comparability, falling by 12.93 p.c from ¥10.1 trillion contracts within the first quarter, all the way down to ¥eight.eight trillion within the second quarter.

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