The Financial Futures Association of Japan (FFAJ) has today published data confirming the total binary options trading volume across all of Japan’s market participants for January 2015, which amounts to ¥73 billion ($620 million).
This figure is the highest combined binary options trading volume in Japan since April 2014, demonstrating that Japan’s domestic binary options market is extremely buoyant, being represented by seven companies which achieved this figure between them.
In 2013, the FFAJ finalized its regulatory framework for binary options, providing a framework for companies to operate in Japan, and thus concurring that binary options are recognized as a financial instrument and asset class on the Japanese market.
At present, with the regulatory framework having been in place for over a year and a half, sustainability and room for market growth in Japan’s binary options market are both clear, as the seven firms whose binary options order flow contributed to make up the $620 million trading volume figure for January are large, established companies, namely GMO CLICK Securities Co., Ltd, Traders Securities Co., Ltd., IG Securities, JFX, Waijei FX, Hirose Trade Co., Ltd. and FX Trade Financial.
For the full announcement from FFAJ, click here.