FX news: Volumes seasonally soft

Volumes for December naturally took a nosedive because of the Christmas period.

Volumes for December naturally took a nosedive because of the Christmas period.

Thomson Reuters ADV for December was in excess of $110 billion, which represents the average amount traded daily on Thomson Reuters Dealing, Matching and Reuters Trading for FX. This is significantly less than November’s reported volume of $147 billion. However it was 4% higher than December 2009 volumes.

CME averaged 811,000 contracts a day in December, reflecting ADV of $107 billion. This is down on November’s ADV of $131 billion but is up 10% compared with the same period a year ago.

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