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Old 03-06-2008, 07:53 AM
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Re: Ensign with FXCM data feed

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There is NO volume for forex since it's not traded on an exchange. Even the volume of the forex futures that are traded on the CME is irrelevant since you don't get all the volume, just the volume traded in the futures, which is a very small portion of overall forex volume.
Actually, you are able to obtain spot/forward FX volume. The reality is it's irrelevant for the majority of traders, let alone retail traders.

EBS (who is now owned by ICAP) is the dominant force for the major currency pairs, followed by Reuters D2.

There are always big numbers thrown around with regards to FX liquidity, however anyone who actually TRADES the spot will tell you their is a big difference between total liquidity and accessible liquidity.

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