‘TOTAL FX’ volumes on ICE up 60% MoM normalizing at 32K

After a dismal two months in volatility in the FX markets and lack of volume to show for it…some pickup is starting to occur.  Intercontinental Exchange (NYSE: ICE) is reporting ‘Total FX’ volumes for June at 32K, up from May’s 20k which represents a 60% jump MoM. June 2013 stood at 60k, which is off 47% from those highs of last summer.

The first half of 2014 sees ADV at 25k contracts, whereas 2013 H1 stood at 42k, a 40% drop YoY.

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