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North American FX Trading Volume Jumps 21% In October On Year
North American foreign exchange trading volume jumped 21% in October from a year earlier, according to a semi-annual survey by the New York Federal Reserve. Average daily foreign exchange trading volume in North America hit a record high $976.7 billion in October. It was a 14% increase from a revised $855.5 billion in April 2011, the period when the survey was last taken. Spot-market trading accounted for more than half of the total trading volume amid a big spike in euro-dollar trading. Spot-market trading totaled $564.5 billion a day in October, according to the report. Currency derivatives activity was down ... (full story)