However FX futures volumes at CME were 2% stronger than last year.
We’ll actually attribute this one to the summer doldrums. After seeing a steady rise in trading volumes as 2013 progressed, culminating with its second-best ever month for forex volumes in June, the CME Group reported that August FX volumes dropped by 8% to average 745 million contracts per day — noting that July in turn was down 33% at the CME from June.
On a year-to-year comparison, however, August volumes were up slightly, about 2% over last August.
We’ll see how the Forex ECNs and retail forex brokers report in the coming days, to determine if the slowdown at the CME was also present in the spot forex and retail forex markets. Stay tuned to LeapRate…
For the press release from the CME Group on August volumes click here.