10/28/2016

Binary Options Volumes in Japan Rebounds from Second Lowest Month Ever


Binary Options Volumes in Japan Rebounds from Second Lowest Month Ever


The Financial Futures Association of Japan (FFAJ) has filed its monthly report about the latest trends in binary options trading in the country. Trading activity amongst Japanese traders rebounded by about 7.5 per cent last month with the latest industry trends pointing towards further consolidation in the industry.

Traders of binary options have been realizing less and less volumes in Japan as the product’s popularity has somewhat decreased since the FFAJ has officially started tracking all 7 binary options brokerages in the country.

After hitting a peak at around ¥117.5 billion in April 2014, traders are currently transacting almost three times less volumes with the total for the month of September hitting ¥37.8 billion. While figure rebounded by 7.5 per cent when compared to August, the number is lower by over 17.5 per cent when compared to September last year.

Looking at the latest industry trends, binary options brokerages have been experiencing difficulties not only in Japan. A list of regulatory challenges outlined by European regulators has put a lid on a series of controversial marketing practices for regulated brokerages.

With the unregulated part of the industry storming into the market place once more, European financial industry supervisors are yet to find an effective method to tackle the issues that are facing retail clients.

Regulated binary options brokerages servicing Japanese clients have also been affected by the recent resurgence of unregulated brands, that are using high pressure sales tactics to onboard more customers.

Article source http://www.financemagnates.com/binary-options/brokers/binary-options-volumes-japan-rebounds-second-lowest-month-ever/ 
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