Volumes figures released by EBS, Reuters and CME show a good pick up in activity in October. The average daily turnover on EBS rose 7% from September to $137.6 billion; the CME posted its highest non-roll month ever, which one of its employees asserts highlights “the trend towards the benefits of trading FX futures on exchange.”
Naturally, I couldn’t accept such a bold claim without responding. “Nice try – I will also use the example of what happened on the TFX this week (see TFX story) as an example of the perils of trading on an exchange.
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