The three main OTC FX platforms have now reported their Feb 2014 volumes.
All platforms shown slight drops in volumes after the very strong January figures of last month.
FXall: $122bln/day, down 0.8% on the record $123bln/day in Jan 2014, and still 10.9% up compared to Feb 2013 level of $110bln/day.
Reuters Matching: $113bln/day, down 3.4% on the $117bln/day in Jan 2014, but still 17.5% down compared to Feb 2013 level of $137bln/day. Interestingly, the recent intervention by the Chinese authorities to halt the one way bet on a continually rising Yuan has seen the Chinese offshore Yuan the dollar vs CNH become the second most activity traded currency pair on Reuters matching in February.
EBS: $83.5bln/day, down 4.6% on on the $87.5bln/day in Jan 2014, but still a whopping 44% down compared to Feb 2013 level of $149bln/day.
Hotspot: to be added once released.
FX volumes for Reuters, FXall and EBS- February 2014
