She’s obv right. A marketplace that is 3% of global volume in a decentralized mkt makes the futures volume a worthwhile indicator. This assumes zero arb between cash/fwds/spot #institutional
Quoted, so those who have you on block can see this. You'd have to be super #institutional to catch any arbs between the cash/fwd/spot I assume.
lol. Meaning that some % of FX futures volume is cash arbitrage. Volume is useless as you imply. Analogous to a 5K lot in JPM options on the put and call and assuming that it’s a synth long instead of a conversion.
Volume in Forex is not centralised, My understanding of the volume bars in Forex we see are just the amount of price fluctuations within the time period, not "true volume" that can be measured with other products.
Xela is charting futures volume. Almost as worthless. Any spot FX volume feed, unless it’s an ECN like Hotspot or whatever, is going to be cumulative tick.
by the way my broker says he gets the volume the same place he gets the price......from his liquidity providers.
if volume is not centralised then price is not centralised and yet you trust price but not volume. both come from the same place