KCG Hotspot, one of the world’s largest FX trading venues, has published preliminary trading volumes for the month of August 2014. KCG has announced daily average trading volumes of $28.9bn US dollars with total August trading volumes at $606.9bn US dollars.
Average daily trading volumes in August rose 20.5% while total volumes climbed 10% compared to July 2014. When compared to performance in 2013, August figures paint a different picture. Year-on-year, total volumes declined slightly by 2.98% while average daily volume for August rose by 3.07%. However, August 2013 had one extra trading day which slightly skews the overall picture.
How the FX Industry Can Benefit from Outsourced ITGo to article >>
As we await the full report from KCG Group, it seems that although trading activity is picking up month-on-month as the summer lull comes to and end, the broader theme of low FX market volatility continues with August 2014’s numbers failing to beat those from last year.