Monthly Retail Forex Volume report for July, 2009 - $118 billion daily traded volume
This month, like every month, I'm releasing a monthly online retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term volume survey. The report I released in May estimated the total daily volume at over $105B. June's report estimated the volume at $128B, the increase was mainly due to several more brokers being added to the list.
This month there aren't any significant changes to the survey results except FXCM which reported that it applies a more conservative and methodical approach to its volumes calculation. There isn't an industry standard to as how volume is calculated and each broker reports pretty much what he wants. FXCM were the first broker to report official volume and Net Capital figures back in 2007 and was soon followed by a small number of other Forex brokers who sought similar transparency.
I hope other brokers will adhere to these conservative reporting methods as well and that the regulators will release official volume reports just like they do with Forex brokers' Net Capital.
Due to this change, Oanda leaps to the first place with FXCM and Gaitame following with almost identical figures.
The numbers were officially, and to some extent unofficially, released by the brokers themselves or are educated estimations based on industry rumored figures:
The figures are incomplete as some brokers such as FXDD, FX Solutions and CMS simply don’t report or disclose their numbers.
Moreover, it's important to note that is very hard, if at all possible, to discern the Retail Trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade Read this Term volume (individual traders) and institutional trading volume as they are typically jointly reported by the brokers. Therefore, these numbers might reflect some institutional trading volume as well.
This month, like every month, I'm releasing a monthly online retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term volume survey. The report I released in May estimated the total daily volume at over $105B. June's report estimated the volume at $128B, the increase was mainly due to several more brokers being added to the list.
This month there aren't any significant changes to the survey results except FXCM which reported that it applies a more conservative and methodical approach to its volumes calculation. There isn't an industry standard to as how volume is calculated and each broker reports pretty much what he wants. FXCM were the first broker to report official volume and Net Capital figures back in 2007 and was soon followed by a small number of other Forex brokers who sought similar transparency.
I hope other brokers will adhere to these conservative reporting methods as well and that the regulators will release official volume reports just like they do with Forex brokers' Net Capital.
Due to this change, Oanda leaps to the first place with FXCM and Gaitame following with almost identical figures.
The numbers were officially, and to some extent unofficially, released by the brokers themselves or are educated estimations based on industry rumored figures:
The figures are incomplete as some brokers such as FXDD, FX Solutions and CMS simply don’t report or disclose their numbers.
Moreover, it's important to note that is very hard, if at all possible, to discern the Retail Trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade Read this Term volume (individual traders) and institutional trading volume as they are typically jointly reported by the brokers. Therefore, these numbers might reflect some institutional trading volume as well.