Retail Forex Breaks $100 Billion a Day

[Kiwi 16]

Worried your trade can't be covered?

 

From Forex Magnates

 

I know you’ve been expecting it so here it is: The largest and most up-to-date report detailing the average trading volumes by retail Forex brokers. The report shows that all prior estimates were far from the actual figures. Retail forex volume doubled itself in less than two years and the total average daily volume is well above $100B.

Largest retail Forex broker, as you probably already know, is FXCM with Oanda coming in at a distant second place. It looks like FXCM’s world Forex domination is all but complete and all that is left for others is the competition for 2nd and 3rd places. Good luck Oanda, Gain, Saxo and GFT.

The numbers as were officially, and to some extent unofficially, released by the brokers themselves:

and the rest of the article is over there.

[brownsfan019 17]

Is that the most recent data available?

 

That article is dated May 28 2009

[Kiwi 16]

LOL ... trust you to notice.

 

The other interesting issue is the missing brokers. I wouldn't mind betting that IB's contribution would be pretty significant too - not so much the number of transactions as the bigger sized trades.

[Kiwi 16]

I'm guessing based on the information below that you could add 16% to those figures so its now exceeding 120 billion a day (not including IB).

 

 

"Overall foreign exchange trading volumes dropped last year, but trading by retail investors is on the rise, according to a new report from Greenwich Associates.

The firm says that global FX volume declined by 6% in 2009, but trading by retail aggregators rose by 16%, pushing their share of trading volume up to 12% from 11% in the previous year.

“With the downturn in equity markets and high levels of volatility among global currencies, FX trading gained popularity among retail investors around the world during the global financial crisis,” it says, noting that the beneficiaries of this trend have been firms that provide execution services to retail traders."

[brownsfan019 17]

It is interesting Kiwi for sure. Was just curious if there was data from 2010 available is all. Not a big deal.

[moscu 10]

I am not sure how much the retail Forex has increased but the total did from 3.5 to 4.1 trillion this years. My bet is that retail has also increased. That seems to be a good news.

 

Forex Trade Returns to Precrisis Levels - WSJ.com

 

 

 

Moscu

[moscu 10]

According to WSJ Forex trading has increased to a daily of 4.1 Trillion this year. So from Kiwi's post I could calculate that retail trading is now 656 Billion a day.

 

Forex Trade Returns to Precrisis Levels - WSJ.com

 

I'm guessing based on the information below that you could add 16% to those figures so its now exceeding 120 billion a day (not including IB).

 

 

"Overall foreign exchange trading volumes dropped last year, but trading by retail investors is on the rise, according to a new report from Greenwich Associates.

The firm says that global FX volume declined by 6% in 2009, but trading by retail aggregators rose by 16%, pushing their share of trading volume up to 12% from 11% in the previous year.

“With the downturn in equity markets and high levels of volatility among global currencies, FX trading gained popularity among retail investors around the world during the global financial crisis,” it says, noting that the beneficiaries of this trend have been firms that provide execution services to retail traders."