Currency futures trading at Eurex U.S. continues to crawl along, as average daily volume for November through Nov. 22 was just short of 730 contracts. That’s a drop of almost 12 percent from October, although November is traditionally a bad month for volume because Veteran’s Day and the week of Thanksgiving are historically slow.
Despite the numbers, Eurex CEO Rudolf Ferscha remains optimistic.
“We had a decent start and we are seeing a positive trend,” Ferscha says. “We need to broaden our distribution and our participation, and we need to deepen our liquidity. We have doubled the number of participating firms since we launched (in late September), but we still have work to do.”
Average daily volume for all currency futures at the Chicago Mercantile Exchange for November was just less than 300,000 contracts.
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