The Moscow Exchange set yet another new trading record for FX turnover.
The Moscow Exchange’s FX market has reported a new daily trading record for FX turnover, as volumes reached reached $29.66 billion (RUB936.88 B) on Thursday. Of this total about 42% was spot and 58% was swap trades. This gives the Moscow Exchange a four year high in FX volume traded, and the third best result ever seen since being launched in 1992.
Over the last couple of months, we are seeing the FX markets come out of a two year trading funk as more and more firms, such as Alpari report record volume numbers. Also various exchanges, such as the CME have reported similar record breaking volume days. As more volatility returns to the Forex markets, we have seen traders return helping the bottom lines of online FX firms, even though we saw a decline in profits for Tradition reported earlier last week. We wait, eagerly, for other firms to report their numbers for Q1.
For the full Moscow Exchange FX Market press release click here.