Japan Rising FOREX Volume

The Financial Futures Association of Japan (FFAJ) circulated data confirming current trend of increasing FOREX volumes across the domain of retail currency exchange. Statistics for the third quarter of last year indicated growth in the FOREX sector. For the over-the-counter market, numbers in Q3 reached a total of $14.6 trillion. This is higher by 132 percent as against the previous quarter.

When it comes to FX contracts, there was a total growth of 68.5 compared to the previous quarter. Some 12,573,762 futures contracts swapped hands all through the last quarter of 2014.

Active customer accounts in retail FOREX increased by 7.1 percent through the quarter and reached $14,000 dollars. Margin deposits strengthened at a similar pace higher by 7.0 percent to $10.7 billion with average account volume of $14,000.

On the other hand, trading diminished at the Osaka Securities Exchange but surged forward at the Tokyo Financial Exchange platform. Trading volumes in Osaka plunged 72.9 percent to 186.9 billion yen while trading in Tokyo edged higher by 8.6 percent. As a result of the dormant first half of 2014, total figures for the fiscal 2014 were lower than those of 2013. OTC FOREX trading was not affected significantly and declined only by four percent. Osaka FX floundered 77 percent and figures in the Tokyo Financial Exchange platform decreased 27.2 percent.