It looks like May was a very slow month for institutional forex trading. Kicking off May volume reporting season, institutional eFX venue Hotspot FX, a division of Bats Global Markets Inc (BATS:BATS), has reported that May 2016 volumes averaged $23.4 billion daily, down 9% from April's $25.6 billion. The $23.4B figure is the second lowest reported…
Read moreWhat is really worse? Low trading volumes, or a single black swan event? Andrew Saks-McLeod takes a look at the dichotomy between two scenarios
Read moreVolumes remain strong with slight uptick across the board Forex settlement firm CLS held strong again during March this year, with its value of trades having remained in excess of $5 trillion, congruent with its performance during the two months of the year. For March, average daily value submitted to CLS was US$5.35 trillion, up…
Read moreVolumes for March and the 1st quarter down around 30% YOY, though we see a jump in March 2014 to February 2014 contracts IntercontinentalExchange Group (NYSE: ICE), the leading global network of exchanges and clearing houses, today reported exchange traded volumes for March and the first quarter of 2014. Overall, ICE's March 2014 and first…
Read moreBloomberg sees record interest rate and CDS volumes, but FX still very slow Financial giant Bloomberg has released some numbers and given us a glimpse into how their SEF entity is faring. And while volumes in interest rate swaps and credit default swaps (CDSs) seem to be picking up nicely, FX is lagging well behind…
Read moreIntercontinentalExchange Group (ICE) has today announced its trading volumes for February 2014, with a significant downturn present when compared with the previous year Average daily volumes (ADV) for all global derivatives traded at ICE during February stood at 10.7 million contracts, representing a decrease of 9% comparative to the trading activity completed during February 2013.…
Read moreSaxo starts the new year on a flying note, a solid increase appears to be turning the trend A stark rebound in Saxo Bank's volume metrics for the month of January - that's what we are seeing from the company's announcement on their website. Overall monthly volumes were higher than January by almost 30%, totaling…
Read moreFX Concepts bankrupt, Parker Global Currency Managers Index down 5% YTD Recent slump in volumes on the institutional front might just have a solid fundamental explanation. Two words – poor performance. The Wall Street Journal has reported yesterday that FX markets participants might be willing to forget 2013 as the market has proven too difficult…
Read moreBig banks can get it wrong too, low institutional volumes might be a reason The Wall Street Journal and Reuters are reporting in two separate articles that declining revenues for Goldman Sachs in the third quarter were in part due to FX trading decisions gone bad. According to an article in Reuters the investment banking…
Read moreIncreased volatility brought traders back in November, but just marginally. LeapRate's Retail FX Volume Index, sponsored by Leverate, was fairly flat in November, with global retail FX trading activity up 1% to $179 billion per day. However this marks the fifth consecutive month where volumes remained well below last year's levels, with the year-over-year declines in…
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