＜The president & CEO, Nobuyuki Kinoshita＞

Tokyo Financial Exchange Inc. (TFX) announced the summary of its financial statements in FY 2022 (April 2022－March 2023) on May 12.
Operating revenue was 4,619,000,000 yen (23.7 percent up year on year), operating profit was 1,304,000,000 yen (380.6 percent up), ordinary profit was 1,337,000,000 yen(382.8 percent up) and current profit was 1,228,000,000 yen (396.2 percent up), significant increase respectively.
Trading volume of USD/JPY was more than 2.5 times compared to year on year, becoming big trading, and as a result, total trading volume of the exchange FX,“Click 365”was 37,580,000 (37.7 percent up), and in conjunction it, trading volume of the exchange CFD(Contract For Difference),“Click Kabu 365”was 71,510,000 (47.3 percent up) and FX Clearing was 91,520,000 (48.1 percent up), doing well respectively.
Dollar-yen rate during the period was getting activated owing to interest rate hikes by Federal Open Market Committee (FOMC) of FRB and foreign exchange intervention by Bank of Japan, etc., leading to increase of trading volume of the related products. Trading volume of the exchange FX, USD/JPY was 16,887,510 (164.9 percent up year on year), occupying 45 percent of total trading volume of the exchange FX.
As to breakdown of the operating revenue, 4,619,000,000 yen, fixed trading fee was 3,985,000,000 yen, occupying a large portion, and followed by 264,000,000 yen of Information provision fee, 170,000,000 yen of system equipment-related income. Meanwhile, operating expenses was 3,315,000,000 yen, and as a result, operating profit was 1,304,000,000 yen.
As to the retail business plan in this fiscal year, FY 2023, it consists of the following four pillars: Ⅰ.expansion of CFD, Ⅱ.strengthening market make, Ⅲ.creating new trading needs, Ⅳ.expansion of FX clearing.
As CFD, Russell 2000 index, that is a U.S. typical small stock index, silver and platinum are scheduled to be listed in this September. Also, CFDs relating to ETF of natural gas, overseas carbon emission market index, etc. will be considered too.
As to strengthening market make, considering the present situation that main players at the exchange are shifting from large financial institutions to high frequency traders using program, the president, Kinoshita states that the exchange focus on “We emphasize fair trading environment”.
As to wholesale business, centering on improving liquidity of three-month TONA(Tokyo Over Night Average rate) futures trading, middle to long term interest rate products and carbon emission related trading will be target for consideration too.
As to trading system, with a view to integration of wholesale and retail, and promotion of cloud utilization, achievement of functional enhancement and cost reduction will be aimed by March 2024.

（Futures Tribune・issued May 16, 2023・no.3215）