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Retail FX trading – regional trends
Retail FX trading thus far has primarily been an Asian-European story, and going forward it will become much more Asian. Of the 55% of retail trading volume originating from Asia, a little more than half of this continent’s FX volume originates from Japanese traders. Outside of Asia, Europe (and in particular Eastern Europe) is a growth engine for the industry, generating a third of global volume. Russian trading activity is to Europe what Japan’s is to Asia; Russia’s FX trading activity (approximately US$20 billion per day) is equivalent to more than a fifth of the continent’s total volume.
David Mercer, LMAX Exchange CEO, shares insights. -
Volume by currency pairs
Popularity of currency pairs can change rapidly depending on various factors. The share of prime brokered trades in spot FX out of London is rising over time. The notional value of prime-brokered trades rose 27% from April 2010 to October 2012, while the value of non-prime-brokered trades fell 17% over the same period.
David Mercer, LMAX Exchange CEO, shares insights.