Is CME Group lobbying responsible for the NFA's new anti-spot FX rule? As reported by leading MT4 bridge provider CMAP LLC, a recently implemented NFA rule change forces U.S.-regulated FCMs (Futures Commission Merchants) to maintain equity capital of at least $20 million if they offer spot FX. The NFA's previous rules stated that only FCMs / RFEDs which…
Read moreFirst peek at December FX industry volumes is looking good. CME Group, which runs the world's largest derivatives marketplace, announced that FX contract volumes (mainly Eurodollar futures contracts) in its system were up by 7% in December from November, and up 14% from last year December, to an average of 826,000 contracts daily. The EURUSD's bull run, from 1.29…
Read moreLooks like the risk-on / risk-off volatility in November helped drive FX volumes. CME Group, which runs the world's largest derivatives marketplace, announced that FX contract volumes (mainly Eurodollar futures contracts) in its system were up by 9% in November from October levels to an average of 775,000 contracts daily. It looks like the U.S. election-driven…
Read moreFirst indication that October was slow in the FX trading world. CME Group, which runs the world's largest derivatives marketplace, announced that FX contract volumes (mainly Eurodollar futures contracts) in its system were down by 32% in October from September to an average of 702,000 contracts daily. October's volumes were also 23% below last year's…
Read moreRetail volume up 23%, Institutional up 34%.
Read more...as compared to a nice pickup in volumes seen elsewhere, so far.
Read moreFirst indication of healthy industry-wide FX volumes in May.
Read moreFirst indication of healthy industry-wide FX volumes in May.
Read moreFX volumes appear to remain soft through April.
Read moreFirst indication that a super-slow August followed a very-slow July in FX.
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