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Volume in currency futures

  • #1
  • First Post: Oct 21, 2019 9:04am Oct 21, 2019 9:04am
Hi,

I understand volume in forex trading is huge, but what's unclear to me is that volume in currency futures seems miniscule, and even worse in currency futures options.

Take the example of the near month futures for JPY.USD expiring Nov 18, 2019 trading on GLOBEX (IB symbol 6JX9). According to interactive broker data, trading volume on 18 Oct is only 3 contracts and on 21 Oct, 7 contracts. See attached screenshot. What am I missing?
Attached Image
  • #2
  • Oct 21, 2019 8:54pm Oct 21, 2019 8:54pm
you may want to visit Bionics thread and find forex and futures possible relationship.
Humble & Kalcker CLO2 = Covid killer
  • #3
  • Oct 22, 2019 12:32am Oct 22, 2019 12:32am
Quoting dakr
Hi, I understand volume in forex trading is huge, but what's unclear to me is that volume in currency futures seems miniscule, and even worse in currency futures options. Take the example of the near month futures for JPY.USD expiring Nov 18, 2019 trading on GLOBEX (IB symbol 6JX9). According to interactive broker data, trading volume on 18 Oct is only 3 contracts and on 21 Oct, 7 contracts. See attached screenshot. What am I missing? {image}
March, June, September & December are the liquid months.
Look at 6JZ9 (December) instead. Noone is trading inbetween months.
It's bad luck to be superstitious
  • #4
  • Oct 22, 2019 8:42am Oct 22, 2019 8:42am
Quoting zoo
{quote} March, June, September & December are the liquid months. Look at 6JZ9 (December) instead. Noone is trading inbetween months.
Thank you! What drives the liquidity in Mar/Jun/Sep/Dec? Such a huge difference..
  • #5
  • Last Post: Oct 22, 2019 8:56am Oct 22, 2019 8:56am
Looking at the options closest to the money with the dec19 futures as the underlying the volume is pretty dismal.
Example:

  1. .00925 call option vol on 21 Oct: 18 contracts
  2. .00925 put option vol on 21 Oct: 0 contracts

Given avg daily volume for USD/JPY is >500 billion USD per day and the underlying futures had a volume of >11,000 contracts for that day, does it make sense for the options volume to be so low?

Should I be looking at other options for more liquidity?

Thanks.

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