The three main OTC FX platforms have now reported their Feb 2014 volumes.
All platforms shown slight drops in volumes after the very strong January figures of last month.
FXall: $122bln/day, down 0.8% on the record $123bln/day in Jan 2014, and still 10.9% up compared to Feb 2013 level of $110bln/day.
Reuters Matching: $113bln/day, down 3.4% on the $117bln/day in Jan 2014, but still 17.5% down compared to Feb 2013 level of $137bln/day. Interestingly, the recent intervention by the Chinese authorities to halt the one way bet on a continually rising Yuan has seen the Chinese offshore Yuan the dollar vs CNH become the second most activity traded currency pair on Reuters matching in February.
EBS: $83.5bln/day, down 4.6% on on the $87.5bln/day in Jan 2014, but still a whopping 44% down compared to Feb 2013 level of $149bln/day.
Hotspot: to be added once released.
I am starting to add CLS reported data showing the number and value of trades submitted to CLS for settlement.
Finally, over on Marketfactory’s blog, I see that James Sinclair has an interesting extract of a presentation he gave to the BIS in Basel earlier this year on ECN platforms.
James uses the same venue reported data (with addition of CME) as I do for comparing the FX volumes of major platforms, with the addition of indexing the data from Dec 2009 and contrasting with CLS data, and comes up with some interesting slides.