February 4, 2020
(Tokyo Foreign Exchange Market Committee)
The Tokyo Foreign Exchange Market Committee (TFEMC) today released the results of its Turnover Survey of Tokyo Foreign Exchange Market covering transactions in October 2019 (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 appropriate 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 2019 increased compared with the previous survey which covered transactions in April 2019. By trading instrument, turnover decreased in forward transactions and increased in spot transactions and FX swaps.
Chairperson
Tokyo Foreign Exchange Market Committee
NAKAMURA Naoto, Mr. (Global Markets Sales and Trading Division, MUFG Bank, Ltd)
Phone: 81-3-6214-4740
E-mail: naoto_2_nakamura@mufg.jp
Chairperson
Sub-Committee on Market Research
ISHIBASHI Masaru, Mr. (Trading Department, Sumitomo Mitsui Banking Corp.)
Phone: 81-3-6706-8303
E-mail: Ishibashi_Masaru@dn.smbc.co.jp
Secretary
Tokyo Foreign Exchange Market Committee
HARA Shuntaro, Mr. (Financial Markets Department, Bank of Japan)
Phone: 81-3-3277-3543
E-mail: shuntarou.hara@boj.or.jp
The TFEMC actively conducts the turnover survey on the FX and OTC derivatives markets. 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 22nd survey since its inception in 2006.
Similar surveys are conducted and released by overseas FX market committees in London, New York, Singapore, Hong Kong, Sydney, and Canada.
Bank of America
MUFG Bank, Ltd
Barclays Bank PLC
BNP Paribas
Citibank, N.A., Tokyo Branch
Credit Agricole CIB
Deutsche Securities
Goldman Sachs Securities
J.P. Morgan Chase Bank
Mitsubishi UFJ Trust and Banking Corporation
Mizuho Bank
Nomura Securities
NatWest Markets Securities Japan, Ltd
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
Results of Turnover Surveys covering transactions in April 2019(released on 23 Jul 2019) have been revised