Big Increase in Forex and Binary Options Numbers from JapanBy Annie Reona | Wednesday, July 15th, 2015
The Futures Financial Association of Japan (FFAJ) recently announced their data from June 2015 which has allowed there to be a comparison made between June and May of 2015. There were 56 members of the FFAJ that submitted their Forex results and 8 that submitted their binary options data. In the areas of both Forex and binary options, there was an impressive increase in these numbers.
The total retail Forex trading volume from the month of May 2015 was JPY 424 trillion (USD 3.43 trillion). In June 2015, the total retail Forex trading volume was JPY 529 trillion (USD 4.29 trillion), an increase of an impressive 24.8% in just one month.
The binary options trading volumes also saw an increase from May to June 2015, despite the fact that the number of active trading accounts dropped by 127 during this time.
The binary options trading volumes in May 2015 was JPY 41.9 billion (USD 3.4 billion). By June 2015, there was a 5% increase totaling JPY 44.12 billion (USD 35.76).
There was an even greater increase in the binary options trading volumes when compared to June 2014. In June 2014, the total trade volume was just JPY 37.7 billion (USD 3.06).
The other increase that was noted was in the trading payment amount. In May 2015, the total trading payment was JPY 18.2 billion (USD 1.48 billion). The total trading payment in June 2015 was JPY 19.44 billion (USD 15.7 billion). This increase was by 6.2%.Published in News & Analysis