After months of being in the doldrums, and all of us having theories about why, it’s good to see volatility returning and bringing with it the associated rise in trading volumes.
Thomson Reuters say their Sept FX volumes hit a record USD 417.5 bln, up 18% m/m and 33% yy. This data inclues spot,forwards, options and NDFs
Spot daily average volume through their terminals was USD 107bln, +8% m/m but -10% y/y.
They cite the main reasons as commodity price shake-out, emerging market pressures, and equity volatility.
Long may it continue!
And while we’re on the subject here’s Reuters’ current heatmap
Heatmap 10 Oct
I have to head away now but I’m sure Ryan will be happy to answer any questions arising!
Have a great weekend everyone, and thanks for another week of fantastic support.
