LeapRate Retail FX Volume Index dips 1% in September
LeapRate Retail FX Volume Index dips 1% in September explained by professional Forex trading experts the “ForexSQ” FX trading team.
LeapRate Retail FX Volume Index dips 1% in September
It seems as though the retail forex world has been a little bit late in exiting the usual summer slowdown in trading volumes…. LeapRate’s Retail FX Volume Index, sponsored by Leverate, decreased by 1% in September to average $283 billion daily, down from $285 billion in August.
The $283 billion daily figure makes September the slowest month for retail FX volumes since late last year (December’s $227 billion).
Gerald Segal, LeapRate Managing Director, commented, “Not much changed in September from August. But that is news in itself. The summer months of 2013 were understandably slower volume-wise than a very hot first six months of the year, with retail FX volumes soaring to a record $329 billion daily in June.”
“However, muted volatility led many traders to stay on the sidelines in September as well. That, combined with especially lower volume levels in Japan, led to a ho-hum volume result in September. Among the major forex brokers we track, only Gain Capital had an up September.”
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