Hard to believe it is November already, and October FX trading volumes are beginning to pour in.
First to report this month is the Moscow Exchange, which reports a 5% decline in October volume metrics from September levels, at RUB 13.8 trillion ($430 billion) for the month.
Moscow Exchange volumes are, as one would expect, mainly USDRUB pair trading, so that volumes do not necessarily represent what is going on in the ‘regular’ FX world, where volumes are mainly EURUSD, GBPUSD, USDJPY…. We’ll see in the coming days as volumes begin to come in from some of the leading Forex ECNs are retail FX brokers.
Stay tuned to LeapRate….
To see the Moscow Exchange on October trading volumes click here.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.