FX news: CME volumes
CME FX volumes averaged 833,000 contracts per day in July, with average daily volumes of $104 billion. This is a big drop from June which saw 981,000 contracts per day and average daily volumes of $118 billion.
Even June’s volumes dropped from May (June volumes down). Either the market is on its summer holiday or that big push onto exchanges in the US is not going as well as the CFTC hoped.