Hi Richard, Thank you for the information you provide. I have to admit I was citing a source I was not really confident about regarding the 1% forex exchange traded share, which was a 2004 tradingintl pdf guide to forex markets, not quite updated I suppose
I would like to know what is a more updated and trustworthy reference and also ask you if you think 10% would still be indicative of the remaining 90% volume. In other words are the forex futures volumes correlated to the OTC volumes , and if yes on which time scale? I assume different investors trade on the OTC and not OTC market, so future volumes could be quite different. Also how much do you think can a small investor trading through a small broker like IB trust the quotes provided for the spot market? I guess these are quite obvious questions since everybody would like to know what are the global forex trading volumes, and from what I understood the only indication are the open future position reports , which again would suffer from a similar weakness. Currency and future prices must be strongly bounded because of arbitrage, but for volumes, I am not sure Thanks Ly --- In [email protected], "Richard Dale" <[EMAIL PROTECTED]> wrote: > > Currencies traded by futures contracts represents far more than 1%. > > > > OTC forex (spot, outright forwards, swaps, currency options and currency > swaps) account for over 90% of forex activity. > > Exchange-traded forex is primarily done through futures contracts (and > associated derivatives such as options-on-futures) and covers less than 10% > of the total forex traded. > > > > Worldwide turnover of foreign exchange is estimated at about $1.5 trillion > per day in 1998. > > > > There are around 2000 dealer institutions whose activities are covered by > the Bank for International Settlements. The bulk of trading is done by > around 200 banks who provide market making activity. I doubt IB would even > rate a mention in the top 200. Indeed, IB isn't even mentioned in Reuters > Spot FX contributors list. > > > > Best regards, > Richard Dale. > Norgate Investor Services > - Premium quality Stock, Futures and Foreign Exchange Data for > markets in Australia, Asia, Canada, Europe, UK & USA - > www.premiumdata.net > > From: loveyourenemynow [mailto:[EMAIL PROTECTED] > Sent: Saturday, 2 December 2006 11:27 PM > To: [email protected] > Subject: [amibroker] Re: IB forex volumes > > > > I was looking at the CME and globex currency futures for example, but > equivalent futures are alo traded on eurex , so it seems even future > markets are not really centralized. > More importantly, they account for only about 1% of the total forex > volume, so they may fail in giving information about the actual > volumes on the spot currency market. > > Does anybody have information about the size of IB spot market > compared to the volumes gloabally traded? > > Thanks > > Ly > > Also I think future are only about > > --- In [email protected] <mailto:amibroker%40yahoogroups.com> , > "Richard Dale" <richard@> wrote: > > > > It's probably a measure of the number of "ticks" aka price changes > within a > > particular period. > > > > > > > > The only meaningful measure of forex volume is that traded on futures > > exchanges against futures contracts (eg. Chicago Mercantile Exchange) > > > > > > > > Best regards, > > Richard Dale. > > Norgate Investor Services > > - Premium quality Stock, Futures and Foreign Exchange Data for > > markets in Australia, Asia, Canada, Europe, UK & USA - > > www.premiumdata.net > > > > From: Anju Layn [mailto:[EMAIL PROTECTED] > > Sent: Saturday, 2 December 2006 1:07 AM > > To: [email protected] <mailto:amibroker%40yahoogroups.com> > > Subject: [amibroker] IB forex volumes > > > > > > > > Hi, > > > > I am trying to see the IB forex volume , which even if are not > > representative of the global volume since forex is not a centralized > market, > > could still be useful to get an idea of what is going on. > > Using the indicator volume(color) I get some red bar histogram which > I doubt > > has any relation to the volume since this does not show up anywhere > (I guess > > IB doesn't provide it). > > Any idea of what that graph is? > > Applied to other contracts such as future it seems to work. > > > > Also, even if IB doesn't provide volume for forex they could be obtained > > from time and sales using GetRTDATA("TradeVolume" ) and averaging > > appropriately.. > > Is this already implemented somewhere? > > >
