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Volumes traded in the Euro?

  • #21
  • Oct 8, 2010 8:29am Oct 8, 2010 8:29am
Quoting StephanusR
In other words not everybody who buys $100mil of euro's wants to sell it 10min later for a 10 pip profit. A hedge fund form the USA buying Dax futures buys 100mil euro un-leveraged and don't really care whether the market moves 30 pips or not.
I do see what you mean in your example why someone speculating on 10 pip profit over 10 minutes may approach the trade differently from someone buying DAX futures over a longer time-frame. However, I don't think this would mean the hedge fund is also indifferent if their order causes a 30 pips movement at the time of execution resulting in a worse price. 30 pips of slippage on a $100mil position is $300,000, not an inconsequential amount.
  • #22
  • Last Post: Oct 9, 2010 7:32am Oct 9, 2010 7:32am
The total volume of FX is 4 trillion per day. Of that fX swaps are 1.7 trln. FX swaps are comprised of one spot trade and one forward trade. So to make an fx swap deal there is 850bln spot and 850bln forward.

Spot on its own is 1.5 trln. So total spot volume 1.5 + 0.8 = 2.3trln

Forwards on its own is 400 bln . Total forwards 400 + 850 = 1.25 trln.

Of the 2.3 trln spot deals 1/3 are eur/usd. so EUR/USD spot is 760 bln

of forwards volume 1/3 eur . EUR/USD forward 440 bln.
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