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Institutional FX trading volumes soar 22% in September 2022 as currency volatility peaks
The heavy volatility which hit the FX markets in September may have been good for some traders and bad for others, but it looks like it made for a fantastic month for the leading institutional FX trading venues. As the Euro and British Pound hit multi-year lows against the US Dollar against a backdrop of rising inflation, increased government deficits, and continued uncertainty in Europe from the war in Ukraine, currency traders and those looking to hedge currency exposures were extremely active, meaning record or near-record activity at FX ECNs.