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Foreign Exchange

Volumes: Healthy December

The days when the market used to shut and go to lunch for December have well and truly gone. Volumes on EBS came in at a daily average of $112 billion, down a modest 11.25% from a year earlier, which is not bad given the volatility of the last quarter of 2008.

More impressively, the CME’s success story appears to be gathering even more momentum. Average daily volume came in at $96 billion, which the exchange says is an 81% increase on 2008. The CME also saw a record day on December 4, when $185 billion traded. Over the year, the CME says it recorded a fractional increase in turnover; the likelihood is few other established platforms have done the same.

Elsewhere, CLS says its average daily volume in December was 631,155 payment instructions, compared with 472,793 in December 2008. The average daily value for December 2009 was $3.9 trillion; in December 2008 it was $3.11 trillion.

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