November FX trading volume data looking good so far…
After in October reporting its slowest trading month since 2005, and losing the #2 spot in the Forex ECN market to FXall, ICAP’s EBS unit announced that November’s daily FX volumes in November rose by 12% to average $103.8 billion. While nicely up over October, EBS’s volumes remained 28% below last year’s levels.
After yesterday seeing CME’s FX futures contracts volumes for November reported up by 9%, it looks like November’s increased volatility led to an increase in trading volumes, but not enough to begin approaching year-ago levels.
For more on the global FX market see the LeapRate-Dow Jones Forex Industry Report.