Lack Of Volume In Forex Futures Pits Leads To Strategy Shifts And Staff Cuts
BANKS
A lack of volume and participants has resulted in several major financial institutions scaling back their futures brokerage businesses in recent weeks, sources say. Although each has done so to different degrees, the moves evidence a general slowdown in the currency futures market.
As an example of lower volumes, at the Chicago Mercantile Exchange (CME), currency futures volume is down 15.4 per cent so far this year (January through April) and combined currency futures and options three weeks ago
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