Volumes steady in August
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Foreign Exchange

Volumes steady in August

Turnover held up well in August, given that most of the market seemed to be on holiday. The CME said turnover in FX averaged 616,000 contracts a day, or a notional $79 billion. This was a 7% decline on August 2008, but almost identical to July 2009. Thomson Reuters’ spot volumes were also steady, averaging around $116 billion a day, versus $118 billion in July. Over at Icap, average daily volume on the EBS platform came in at $122.3 billion, compared with $125 billion in July.

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