Newly-public Forex ECN FXall announced May volumes, which at $90.0 billion were just slightly (1%) above April levels. As we wrote toward the end of May when we introduced the monthly LeapRate Retail FX Volume Index, we expect to see a nice pickup in FX trading volumes in May as volatility in the currency markets was much higher than that seen in the prior half-year.
While trading volumes at FXall have remained very steady over the past several months while they are fluctuating elsewhere (as per the chart above), we didn’t see the pickup in May volumes at FXall which we have seen at the CME Group, and at retail FX industry leader FXCM.
For more on the global FX market see the LeapRate-Dow Jones Forex Industry Report.