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26 Feb 2014
Flash: 2013Q4 spreads declined in both developed and emerging spot markets - RBS
FXStreet (Barcelona) - Jonathan Horrocks, Head of FX Market Data Quantitative Analytics at RBS notes that compared with Q3 2013 bid-ask spreads, spreads in Q4 2013 have decreased in both developed and emerging spot markets.
Key Quotes
“There has been a considerable decrease of 9.9% in spread volatility for emerging markets compared to previous quarter.”
“The level of trading activity has increased in the fourth quarter 2013 after it had continuously decreased in the last quarter. The month of June has witnessed the highest trading activity in 2013; however it is still well below the highest trading activity seen in July 2012.”
“We use deal size estimates and trade counts on dealer platforms to calculate approximate USD market shares of the various currency pairs. The market shares of AUDUSD and GBPUSD increased by 1% each. EURUSD share decreased 1% and now stands at 18 %. The market share for USDJPY also decreased from 16% to 14%.”
“The market activity review is found on pages 2 to 4; peak activity is on page 5; spot spread analysis is covered on pages 6 to 10. The remainder of the report contains the hourly profiles (G10 on 11-12, precious metals and LATAM on 13, Asia on 14-15 and EMEA on 15-16) and activity and spread through time (G10 on 17-18, precious metals and LATAM on 19 Asia on 20-21 and EMEA on 21-22).”
Key Quotes
“There has been a considerable decrease of 9.9% in spread volatility for emerging markets compared to previous quarter.”
“The level of trading activity has increased in the fourth quarter 2013 after it had continuously decreased in the last quarter. The month of June has witnessed the highest trading activity in 2013; however it is still well below the highest trading activity seen in July 2012.”
“We use deal size estimates and trade counts on dealer platforms to calculate approximate USD market shares of the various currency pairs. The market shares of AUDUSD and GBPUSD increased by 1% each. EURUSD share decreased 1% and now stands at 18 %. The market share for USDJPY also decreased from 16% to 14%.”
“The market activity review is found on pages 2 to 4; peak activity is on page 5; spot spread analysis is covered on pages 6 to 10. The remainder of the report contains the hourly profiles (G10 on 11-12, precious metals and LATAM on 13, Asia on 14-15 and EMEA on 15-16) and activity and spread through time (G10 on 17-18, precious metals and LATAM on 19 Asia on 20-21 and EMEA on 21-22).”