It seems like we bang this drum in every column, but lately the truth is that a week doesn’t go by without us receiving news of some record volume figure or other.
CME reported that on February 4: “EUR/USD options set a record with a total notional value of $10.2 billion with 59,491 contracts traded. This record boosted overall FX options to 86,521 contracts traded, with a notional value of $13.2 billion – the highest in a decade.
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