January volumes balloon
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Foreign Exchange

January volumes balloon

Volume figures released this week confirm further increases in FX flow.

Thomson Reuters average daily FX spot volumes for the month of January were in excess of $143 billion, the highest since they started reporting figures in April 2009.


CME reports average daily volume in January of $108 billion, a 78% increase on January 2009 and record for a non-roll month.


ICE Futures reports dramatic growth in its USD index futures. Average daily volume in January was up to 23,780 contracts from only 7,397 contracts in January last year. The average daily notional may only be $2 billion, but it looks like the product is gaining traction.


CLS Bank says its average daily volume in January was 718,917 payment instructions, up 13.9% on the month and 39.5% on January a year before. The highest average volume month recorded by CLS was 727,934 in October 2008. The average daily value for January was $3.92 trillion; in January 2009 it was $2.94 trillion.

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