CBOE’s Electronic Communications Network (ECN) for foreign exchange trading, Hotspot marked a small monthly decline in trading volumes last month. The company is reporting that total trading volumes amounted to $569 billion. The number was lower by 7.3 percent when compared to the previous month and by 3 percent when compared to last year.
Looking at Average Daily Volumes (ADVs), the figure stood at $27.1 billion, registering a milder month-on-month and year-on-year decline of 3 percent. The numbers are consistent with a typical slowdown in summer trading months, especially on the institutional side of the foreign exchange market.
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