LeapRate Retail FX Volume Index down 7.5%
LeapRate Retail FX Volume Index down 7.5% explained by professional Forex trading experts the “ForexSQ” FX trading team.
LeapRate Retail FX Volume Index down 7.5%
LeapRate’s Retail FX Volume Index, sponsored by Leverate, decreased by 7.5% in July to average $305 billion daily, down from an all time high of $329 billion per day in June.
The drop was not unexpected, as forex (as well as equity and fixed-income) trading volume metrics typically fall off in the northern hemisphere summer vacation months of July and August. The drop of 7.5% in July forex volumes was fairly mild, given the rapid runup of retail forex volumes in the first half of 2013, culminating with a retail forex trading record of $329 billion per day in June.
Gerald Segal, LeapRate Managing Director, commented, “Another interesting anomaly we noticed was some increasing concentration in the retail forex sector. Larger forex brokers, such as FXCM (-1%), Gain Capital (-5%), and GMO Click in Japan (-2%) saw a very small drop, while the majority of the July swoon was borne by medium to small sized forex brokers. We’ll need to see if this trend continues during the rest of the year.”
LeapRate’s Retail FX Volume Index is a monthly measure of global trading activity in the retail forex industry.
LeapRate Retail FX Volume Index down 7.5% Conclusion
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