Following a very strong month of August in which it reported record FX trading volumes of $343 billion, ASIC licensed IC Markets has indicated that it followed that up with $339 billion in September.
Due to there being less trading days in September, IC Markets actually did set a monthly best in average daily volumes, $16.2 billion ADV versus $14.9 billion in both July and August 2017.
Sydney-based IC Markets, which recently added PayPal deposits and Bitcoin CFD trading, just recently started regularly reporting its monthly volumes. Before starting the practice in July 2017 when the company hit a daily volume record of USD $21 billion on the 21st of July, the company most recently reported in March 2017 when IC reported a then-best $234 billion, and in November 2016 at $188 billion.
Our reports so far indicate that September was a very strong month for FX trading volumes, with each of the major currency ECNs reporting record or near-record activity levels including Hotspot FX, FastMatch, GTX, and FXSpotStream.