Declining spot sinks FX volumes in US

In October, average daily volumes were 26% lower than in the same month of 2014

Tax burden falling
Going down: North American FX volumes slid in October

Average daily volumes (ADV) of forex instruments in the US were 26% lower in October than in the same month of 2014, resulting from a significant decrease in spot turnover, according to a semi-annual survey by the Federal Reserve Bank of New York's Foreign Exchange Committee (FXC).

ADV for over-the-counter instruments, which include spot, outright forwards, swap and option transactions, were $809.3 billion in October – 8% lower than in the April 2015 survey.

"The decrease in volume was primarily

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: