FXall August Volumes Drop

FXall, a leading ECN for the Foreign Exchange market has published volumes for the month of August. Figures show the

FXall, a leading ECN for the Foreign Exchange market has published volumes for the month of August. Figures show the continued downward trend in overall trade volumes hampered by the uncertainty of the Euro zone debt and QE3.

Daily trading totalled $83 billion with relationship trading at $66.8 billion and active trading at $17.1 billion.

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Fxall witnessed a positive July (2012) as trading reached $90 billion a day. Over the last two years the FX venue’s worst volumes were in January 2011 when it hit an average of $73 billion a day.

August figures don’t come as a surprise as overall volatility was low compared to summer 2011. Markets are expected to pick up in Q4, Gold rallied today after US Chief Bernanke announced new QE3 measures.

Thomson Reuters made a bid for FXall which was granted approval by regulators.

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