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?
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