With September now behind us, exchanges, brokers and trading providers are now publishing their monthly trading volumes for last month. One firm to do just that is Cboe, which has today reported its spot monthly volume.
In the month of September 2019, there were 21 trading days as compared to August, which has 22 trading days. This may have an influence on the trading volumes posted by the exchange.
During September Cboe, which is , reported a foreign exchange (forex) spot volume of $637.7 billion. In the same period, the exchange had an average daily volume of $30.4 billion.
When measuring the total monthly volume against the previous month, which posted a volume of $728.0 billion and an average daily volume of $33.1 billion, September’s total volume has fallen by 12.4 per cent.
September trading reverses August recovery
As , Cboe saw a positive uptick in trading volumes on a monthly comparison in August, recovering slightly from July which reported the weakest monthly trading volume since December of 2017.
Not only is September’s volume weaker than the previous month, but it is also the second weakest figure reported by the exchange so far this year, in front of only July which had a monthly volume of $632.5 billion.
Last month’s figure also doesn’t hold up on an annual comparison. During September of 2018, the options exchange posted a monthly volume of $715.5 billion and an average daily volume of $35.8 billion. These volumes were based on 20 trading days, one less than last month.
During the month, Cboe noted the strongest trading volume for spot FX on the 12th of September, when $43.8 billion was traded. This is in contrast to the weakest trading volume of $15.7 billion which was achieved on the 2nd of the month.
Be First to Comment