Cable (GBP/USD) Attracts Most Trader Attention During September

A new FM Intelligence index reveals the top thirty currency pairs by retail trading volume during September 2016.

A new report from the Finance Magnates Intelligence Department reveals that retail forex traders were still drawn to the high volatility offered by cable (GBP/USD) in September due to Brexit. The new data shows that the leading currency pair dominated just over 20% of open positions, with the two runners up (EUR/USD and USD/JPY) with below 14% each.

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Looking for other interesting insights we can see that other than the majors, smaller currencies such as the loonie, the Aussie and the kiwi also made it onto the top ten list.

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Working for you

This research is based on analysis of data from thousands of positions, powered by trader consulting service firm Tradeproofer.

This is the latest publication from the FM Indices – a new cross-industry benchmark created with a methodological formula that matriculates data from three main sources: insider information, our unique database and technological BI tools.

In today’s business world, big-data analysis and access to objective information sources are crucial to success. Unfortunately, until now it has been very difficult and costly, if possible at all, to find any reliable benchmarks for operations in social, FX, binary options and CFDs trading.

For this reason, the Finance Magnates Intelligence Department has launched a new project, creating a set of indices encompassing various aspects of the online trading industry. These indices will provide you with unique data points gathered by our analysts that will serve as a valuable knowledge base for your decision making.

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