Tuesday, April 17, 2007

Where can I find the best data/estimates for spot forex volume? -

I m sure we ve all seen the estimates/data that so many billion (think it may have been one trillion, actually) go through London every day, and approximately 30% of that is on the EUR/USD during those times. Where can I find the most accurate (or most likely to be) and most comprehensive figures on these (hopefully several currencies averages by hour frames would be ideal). Thanks for your help! There is no centralized interbank market for FX so if you wanted volume, you would have to ask your particular broker. First, I have never seen a broker provide this information and secondly, even if they did provide them, it would only pertain to the traders who used this particular broker. The FX market is decentralized and therefore, these volume figures aren t indicative of the crowd. Over 90% of currency trades are quot;Over-the-counterquot; (i.e. trading parties deal direct with each other) and not exchanged-based. Since there is no central exchange that tracks such trades, providing volume is impossible. A possible proxy for spot forex volume is the currency futures, which are traded on an exchange.lt;----** There is a way to get an idea of the volume by...looking at futures contracts. There is an interesting article that shows how you can use the commitments of traders reports on the CFTC.gov website to attempt to forecast the movements of the market. Only way can you can find is expert advisory ,Only experts can give Most comprehensive figures .

No comments:

Post a Comment