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Results of Turnover Survey of Tokyo Foreign Exchange Market

January 24, 2017
(Tokyo Foreign Exchange Market Committee)

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The Tokyo Foreign Exchange Market Committee (TFEMC) today released the results of its Turnover Survey of Tokyo Foreign Exchange Market covering transactions in October 2016 (see attached tables).

The TFEMC conducts the survey in order to provide market participants with developments in the Tokyo foreign exchange (FX) market in an accurate and timely manner, thereby contributing to the sound growth of the market. In conducting the survey, the Financial Markets Department of the Bank of Japan provides technical assistance in collecting and processing the data of respective respondents.

Turnover in October 2016 decreased from the previous survey which covered transactions in April 2016. Turnover decreased in all trading instruments with the exception of Forwards.

From this round of the survey, the TFEMC made some amendments to improve user-friendliness, such as expanding the scope of currencies to disclose (see table 6 and annex table 3).

<Contacts>

Chairperson
Tokyo Foreign Exchange Market Committee
Akira Hoshino, Mr. (Global Markets Trading Division, Bank of Tokyo-Mitsubishi UFJ)
Phone: 81-3-6214-4740
E-Mail: akira_hoshino@mufg.jp

Vice Chairperson
Tokyo Foreign Exchange Market Committee
Hiroaki Aoyama, Mr. (Forex Division, Mizuho Bank)
Phone: 81-3-3201-5602
E-Mail: hiroaki.aoyama@mizuho-bk.co.jp

Secretary
Tokyo Foreign Exchange Market Committee
Hirotaka Inoue, Mr. (Financial Markets Department, Bank of Japan)
Phone: 81-3-3277-3543
E-Mail: hirotaka.inoue@boj.or.jp

<Notes>

The TFEMC actively conducts the turnover survey on the FX and OTC derivatives market. The survey was conducted annually until 2011, covering FX transactions in April. From 2012, the survey has been conducted semiannually—in April and October—in order to grasp market developments in a more timely manner. This is the 16th survey since its inception in 2006.

Similar surveys are conducted and released by overseas FX market committees in London, New York, Singapore, Sydney, and Canada.

Reporting Financial Institutions

Bank of America
Bank of Tokyo-Mitsubishi UFJ
Barclays Bank PLC
BNP Paribas
Citibank
Credit Agricole CIB
Deutsche Securities
Goldman Sachs Securities
J.P. Morgan Chase Bank
Mitsubishi UFJ Trust and Banking Corporation
Mizuho Bank
Nomura Securities
RBS Securities
Societe Generale
State Street Bank and Trust Company
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Trust Bank
UBS AG
Australia and New Zealand Banking Group
Bank of New York Mellon
Commerzbank AG
Hongkong and Shanghai Banking Corporation
Morgan Stanley MUFG Securities
Nomura Trust and Banking
Norinchukin Bank
Resona Bank
Shinsei Bank
Standard Chartered Bank
Citigroup Global Markets Japan

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