📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

FX volumes edge higher in July vs last year - CLS

Published 2018-08-08, 04:36 a/m
© Reuters.  FX volumes edge higher in July vs last year - CLS
NXGN
-
TRI
-

LONDON, Aug 8 (Reuters) - Currency trading volumes rose 2.6 percent in July on last year, CLS data showed on Wednesday, although July's volumes were 13.7 percent lower than the previous month of June.

CLS, a major settler of trades in the foreign exchange market, said in a statement that the average daily traded volume of currencies submitted to it reached $1.638 trillion in July, up from $1.596 trillion in the same month in 2017.

July's volumes, however, were lower than June's $1.899 trillion because volatility on forex markets fell.

After double-digit growth - spurred by an uptick in volatility and a big rally in the dollar - to record volumes in the first half of 2018, currency trading growth has slowed in recent months.

Thomson Reuters TRI.TO and NEX Group NXGN.L , which both run large electronic trading platforms, have reported smaller growth for July.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.