FX volumes appear to remain soft through April.
CME Group, which runs the world's largest derivatives marketplace, announced today that FX contracts volumes (mainly Eurodollar futures contracts) in its system fell by 19% in April from the previous month, and by 5% as compared to April last year.
This is the first indication that a pickup in Forex trading levels from very slow activity late last year might not yet be happening. We should learn more when Forex ECNs such as ICAP, Hotspot FX, Thomson Reuters and FXall release April numbers in the coming weeks. Stay tuned...
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