LeapRate’s Retail FX Volume Index rose by 7% in September to $179 billion per day. While this was a healthy monthly increase, retail FX trading levels came off a low base due to consecutive 10.5% and 5% decreases in the index during the July and August summer months.
As such, retail FX trading activity remains well below last year’s levels, sitting 9% below September 2011’s $197 billion daily volume.
LeapRate’s Retail FX Volume Index, which is sponsored by Leverate, is a monthly measure of global trading activity in the retail FX sector and is calculated using proprietary formulas developed by LeapRate.
The data input into the model is based on the examination of monthly and quarterly activity levels put out by a range of retail FX brokerage firms including FXCM, Saxo Bank, FxPro, IG Group, MIG Bank, Gaitame and AvaFX, among others, in addition to the activity levels on institutional FX ECNs including Icap’s EBS, Thomson Reuters and Hotspot FX. LeapRate also takes into account settlement volumes reported by CLS Group, and anecdotal evidence that it encounters as part of its general research activities in the FX sector.