Download The Financial Futures Association of Japan Publication date : 31

The Financial Futures Association of Japan
Publication date : 31 , August , 2016
Quarterly Statistic Report on the financial futures Transactions in Japan
Ｆｉｒｓｔ Quarter （April～June 2016）
Ⅰ．Membership and Number of members reported
Number of members reported
DD,MM,YYYY
Total
On-Exchange
Membership
Domestic
Over-The-Counter
Overseas
Margin FX
Margin FX
31,June,2016
141
125
51
43
22
31
100
31,March,2016
142
125
51
43
22
31
99
52
Change
－1
±0
±0
±0
±0
±0
+1
－1
51
Margin FX = Retail FX Margin Trading
Ⅱ．Trading Volume
Geographical distribution of Trading Volume (Domestic , Overseas）
On-Exchange
Domestic
Date
Overseas
Over-The-Counter (domestic)
Margin FX
1 contracts
1 contracts
Apr～Jun 2016
18,203,960
Jan～Mar 2016
23,071,333
－21.0%
Change
Margin FX
1 contracts
1 contracts
100 ｍｉｌｌｉｏｎ Ｙｅｎ
100 ｍｉｌｌｉｏｎ Yen
12,857,520
11,667,128
5,346,440
11,607,945
11,553,656
17,092,792
15,144,600
5,978,541
15,467,276
15,413,681
－24.7%
－22.9%
－10.5%
－24.9%
－25.0％
Trading Volume by instruments
Interest rate contracts
Market
Domestic
Futures
Foreign exchange contracts
Overseas
Options
Futures
Domestic
Options
Futures
Overseas
Options
Futures
Options
Margin FX
On-Exchange
OTC
1 contracts
1 contracts
1,190,392
0
1 contracts
1 contracts
4,627,323
655,828
1,948,192
0
4,975,917
954,648
－7.0%
－31.3%
1 contracts
1 contracts
1 contracts
1 contracts
1 contracts
11,667,128
11,667,128
0
56,939
6,350
15,144,600
15,144,600
0
46,106
1,870
+23.4%
+239.5%
－38.8%
－
－22.9%
－22.9%
－
100 million yen
100 million yen
100 million yen
100 million yen
100 million yen
－
－
11,569,292
11,553,656
38,653
－
－
15,426,280
15,413,681
40,995
－
－
－25.0％
－25.0％
－5.7％
Upper cell: 1th quarter, FY2016
Middle cell: 4th quarter , FY2015
Lower cell：Rates of change from middle cell to
upper cell
This publication has been prepared by the FFAJ and is provided for information purpose only. The quarterly information contained in this publication has been obtained from FFAJ's
members that is believed to be reliable, however the FFAJ does not represent or warrant that it is accurate or complete. In no event the FFAJ nor its employees have any liability for any
consequential damages arising from any use of this publications or its contents. This publication does not constitute any investment advice.
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Domestic Exchanges and Overseas Exchanges －Trading Volume
・Customers' Account
Interest rate contracts
Domestic
Date
Futures
Foreign exchange contracts
Overseas
Options
Futures
Domestic
Futures
Options
Overseas
Options
Futures
Options
Margin FX
1 contracts
1 contracts
1 contracts
1 contracts
Apr～Jun 2016
954,515
0
869,816
42,750
Jan～Mar 2016
1,602,261
0
904,089
14,544
－40.4%
－
－3.7%
+193.9%
－22.9%
Change
1 contracts
1 contracts
1 contracts
1 contracts
1 contracts
11,665,889
11,665,889
0
43,055
0
15,143,531
15,143,531
0
34,572
0
－22.9%
－
＋24.5%
－
・Propriety Account
Interest rate contracts
Domestic
Date
Futures
Foreign exchange contracts
Overseas
Options
Futures
Domestic
Futures
Options
Overseas
Options
Futures
Options
Margin FX
Apr～Jun 2016
1 contracts
1 contracts
1 contracts
1 contracts
1 contracts
1 contracts
1 contracts
1 contracts
1 contracts
235,877
0
3,757,507
613,078
1,239
1,239
0
13,884
6,350
Jan～Mar 2016
345,931
0
4,071,828
940,104
1,069
1,069
0
11,534
1,870
Change
－31.8%
－
－7.7%
－34.7%
+15.9%
+15.9%
－
+20.3%
+239.5%
Ⅲ．Open positions
Geographical distribution of Open positions (Domestic , Overseas）
On-Exchange
Domestic
DD,MM,YYYY
Overseas
Over-The-Counter (Domestic)
Margin FX
Margin FX
1 contracts
1 contracts
1 contracts
1 contracts
100 million Yen
100 million Yen
31,June,2016
5,961,264
2,069,292
1,688,141
3,891,972
133,382
39,660
31,March,2016
6,457,642
2,621,415
2,281,454
3,836,227
161,281
57,333
－7.6%
－21.0%
－26.0%
＋1.4%
－17.2%
－30.8%
Change
Open positions by instruments
Interest rate contracts
Market
Domestic
Futures
Foreign exchange contracts
Overseas
Options
Futures
Domestic
Options
Futures
Overseas
Option
Futures
Options
Margin FX
On-Exchange
OTC
1 contracts
1 contracts
1 contracts
1 contracts
1 contracts
1 contracts
1 contracts
1 contracts
1 contracts
381,151
0
3,294,488
586,850
1,688,141
1,688,141
0
5,934
4,700
339,961
0
3,324,153
505,473
2,281,454
2,281,454
0
5,731
870
+12.1%
－
－0.8%
+16.0%
－26.0%
－26.0%
－
＋3.5%
+440.2%
100 million yen
100 million yen
100 million yen
100 million yen
100 million yen
－
－
49,360
39,660
84,021
－
－
63,088
57,333
98,192
－
－
－21.7%
－30.8%
－14.4%
Upper cell=date: 30,06,2016
Middle cell=date: 31,31,2015 Lower cell：Rates of change from middle cell to upper cell
This publication has been prepared by the FFAJ and is provided for information purpose only. The quarterly information contained in this publication has been obtained from FFAJ's
members that is believed to be reliable, however the FFAJ does not represent or warrant that it is accurate or complete. In no event the FFAJ nor its employees have any liability for any
consequential damages arising from any use of this publications or its contents. This publication does not constitute any investment advice.
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Ⅳ．Summaries on Retail FX Margin Trading
Market
DD,MM.YYYY
Trading Volume *
①Open Positions
②Margin deposit
Customers’
（customerｓ）
Margin Rate
The number of
Active
customers'
TFX
(click365)
OTC
100 million Yen
100 million Yen
100 million Yen
＝①／②
30,Jun,2016
112,663
15,297
4,395
3.4
27,789
31,Mar,2016
157,206
24,393
5,051
4.8
27,432
Change
－28.3%
－37.2%
－13.0%
－1.4
+1.3%
30,Jun,2016
11,553,656
39,660
11,836
3.3
747,554
31,Mar,2016
15,413,681
57,333
12,747
4.5
747,367
－25.0％
－30.8%
－7.1%
－1.2
+0.0%
30,Jun,2016
11,666,320
54,957
16,231
3.3
775,343
31,Mar,2016
15,570,888
81,726
17,799
4.6
774,799
－25.0%
－32.7%
－8.8%
－1.3
+0.0%
Change
Total
accounts
Change
* “Trading Volume” is the total of the quarter
（Reference Data）
Total Trading Volume of Financial Futures contracts from April to June
On-Exchange
Business
Domestic
year
Over-The-Counter (domestic)
Overseas
Margin FX
Margin FX
1 contracts
1 contracts
1 contracts
1 contracts
100 ｍｉｌｌｉｏｎ Ｙｅｎ
100 ｍｉｌｌｉｏｎ Yen
2016FY
18,203,960
12,857,520
11,667,128
5,346,440
11,607,945
11,553,656
2015FY
17,136,932
10,892,049
9,749,881
6,244,883
14,277,789
14,224,538
Change
+6.2%
+18.0%
+19.6%
－14.3%
－18.6%
－18.7%
Total Trading Volume of Retail FX Margin contracts from April to June
Business year
TFX (click365)
100 million Yen
Over-The-Counter
100 million Yen
Total
100 million Yen
2016FY
112,663
11,553,656
11,666,320
2015FY
112,860
14,224,538
14,337,398
Change
－0.1%
－18.7%
－18.6%
Overview
The overall trading volume of financial futures transaction during this term sharply dropped compared to
the previous term. Trading volume of On-exchange financial futures transactions decreased by 21.0% and
OTC financial futures transactions declined by 24.9% for a sluggish FX margin trading.
While the overall trading volume in the current term decreased, the trading volume of currency related
transactions in the overseas exchange grew steady. Of the currency related OTC transactions, in particular,
the currency related option transaction declined by modest 5.7% compared to the previous term.
Open position of the overall FX margin trading transactions at the end of the first quarter was down due to
Brexit shock. On the other hand, the open interest both of on-exchange currency related options and interest
related options increased from the previous term.
*For the FX margin trading status, please refer to the Monthly Statistical Bulletin on FX Margin Trading.
This publication has been prepared by the FFAJ and is provided for information purpose only. The quarterly information contained in this publication has been obtained from FFAJ's
members that is believed to be reliable, however the FFAJ does not represent or warrant that it is accurate or complete. In no event the FFAJ nor its employees have any liability for any
consequential damages arising from any use of this publications or its contents. This publication does not constitute any investment advice.
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【Note】
・Trading volume and open positions of over-the-counter financial futures transactions are based on the
yen converted value of quarterly trading volume (in units) multiplied by the number of contracts.
・FFAJ converts the amounts of trading volume and open positions denominated in a foreign currency into
JPY based on the value of each currency against the yen spot rate published by the Bank of Japan on
the last day of the quarter.
For currencies which do not have a yen spot rate published by the Bank of Japan, FFAJ uses the yen
spot rate published by the central bank of the country which controls the said currency. In the event a
currency does not have a published yen spot rate, the numerical value derived from multiplying the U.S.
Dollar spot rate of the said currency by the U.S. Dollar/JPY spot rate published by the Bank of Japan is
used as the yen equivalent value.
・The monetary value of options trading and open positions are based on the monetary value of option
contracts (notional amount). In the case of binary options, the contract amount is the payout amount.
・The number of units of, trading volume and open position of on-exchange transactions are totaled based
on the amount reported by the FFAJ, which is partially converted into yen on the FFAJ's standard rate.
Therefore the trading volume etc. typically does not equal the amount published by each exchange.
・ Trading volume of on-exchange transactions includes the association member’s intermediary
transactions with customers and other financial instruments brokers (including agency trading)
established by other financial instruments brokers.
・Trading volume and open position (or interest) of on-exchange transactions shall exclude market-making
transactions, transactions among the financial instruments brokers, and over-the-counter financial
futures transactions with the persons provided in (1) or (2) of Article 1-8-6.1 of the Financial
Instruments and Exchange Act Enforcement Order.
・Trading volume of over-the-counter contracts is based on the sum of transactions made by FFAJ members
with customers. Cover transactions and other self-dealing transactions conducted by members for the
purpose of hedging risk are excluded from this figure.
・Over-the-counter FX margin trading volume is calculated by multiplying the quarterly trading volume by
the yen exchange rate on the last day of the quarter. Therefore, the total monetary value and trading
volume from the same period in the “Monthly Statistical Bulletin on Over-The-Counter Retail FX
Margin Trading” of the Association (yen-converted value) does not accord with this report.
・The separately published“Monthly Statistical Bulletin on Over-The-Counter Retail FX Margin Trading”
is a summary carried out through the cooperation of Association members who are willing to contribute.
It does not represent a summation of the total trading volume or open positions of all Association
members who engage in over-the-counter retail FX margin trading. On the other hand, this quarterly
report was drafted based on “Financial Futures Trading Record Report” of all members. Therefore, the
sum of the values from the same period in the “Monthly Statistical Bulletin on Over-The-Counter Retail
FX Margin Trading” does not match those contained in this report.
・In this report, “0” is used to represent aggregate results of nil or less than a unit, while “-” is used to
represent that aggregate results are unavailable.
・Unit fractions are, in principle, rounded off.
・“Futures” include FXA (Foreign Exchange Agreements).
This publication has been prepared by the FFAJ and is provided for information purpose only. The quarterly information contained in this publication has been obtained from FFAJ's
members that is believed to be reliable, however the FFAJ does not represent or warrant that it is accurate or complete. In no event the FFAJ nor its employees have any liability for any
consequential damages arising from any use of this publications or its contents. This publication does not constitute any investment advice.
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