Thomson Reuters September FX volumes up 16%


… but still remain well below last year’s levels.

Thomson Reuters announced their September FX ECN volumes at $133 billion per day — 16% above August’s anemic $115 billion, but still 24% below last year September’s $176 billion, and the $150B+ monthly figures seen throughout most of 2011.

We are seeing a very clear pattern that September industry FX volumes were well improved over July and August, as volatility picked up post Labor Day in the currency markets, but volumes have not yet returned to last year’s levels. And, as margin compression continues, the FX industry is becoming less profitable for both money makers and agency firms alike.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

 

 

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Thomson Reuters September FX volumes up 16%

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