Hello,
  I am thinking of switching to QuoteCenter but need to know if the Forex live and historical intraday include forex activity (tick) volume from accross the 800 or so contributing banks? As in
esignal http://kb.esignalcentral.com/display/2n/articleDirect/index.asp?aid=1422&r=0.8195764  under "What does Forex volume represent?"

Thanks!

Hi, just bumping this question up. Any users of QC Forex package care to comment, would be much appreciated, thanks!

Looks like the link I gave above is broken, here is a working (for now) one... sorry about that:
http://kb.esignalcentral.com/article.asp?article=1422&p=1

This forum seems pretty slow, no QC Forex users or Equis support(?) is there another place I should be asking about Forex volume in QuoteCenter?
Even google is now listing this thread as the #1 source for forex info in QuoteCenter... not too helpful for me though hehe http://www.google.com/search?q=QuoteCenter+Forex+volume

If it's the same as the "volume" shown in Reuters for spot FX, it is recording the number of contribution bid/ask changes that occurred.

The more contributors to a particular currency pair, the more ticks you'll see.

It has no relationship to the amount traded at all and, because you don't know how many contributors there are at any particular point in time, it's a useless metric.

If you want to see actual volume, consider trading currency futures instead.  They are traded on a proper exchange with fixed contract sizes.  Spot forex is an OTC market only.

Cheers,
Richard.

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www.premiumdata.net

G'Day Richard, thanks very much for taking the time to reply.

Richard Dale:

If it's the same as the "volume" shown in Reuters for spot FX, it is recording the number of contribution bid/ask changes that occurred.The more contributors to a particular currency pair, the more ticks you'll see.

Yes, this is exactly what I wish to confirm is in QuoteCenter FX.  So I guess the question now is: Does QuoteCenter FX deliver "volume" as shown in Reuters for spot FX?  (Also be good to know if it is included in historical data requests?)

Richard Dale:

It has no relationship to the amount traded at all and, because you don't know how many contributors there are at any particular point in time, it's a useless metric.

Understood,  however I do need it for various custom indicators to function so unfortunately cannot move to QC from eSignal without confirming it is delivered in QC. 

Cheers,
Keith.

The volume on spot forex is always going to be meaningless because each of the interbank dealing desks never report what they have traded.

So, volume on spot forex is a meaningless figure.  Having a formula that relies on volume, which itself is meaningless, will simply give you a garbage result.

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www.premiumdata.net

Hi Richard,  without getting too much off track from the question on this thread: bid/ask activity Volume on spot forex is not as useless you might think, It allows you avoid periods of no actionable quotes.  Its just useless for "traditional" indicators, so I am not dissagreeing with you there.

So the question is still valid and I am really hoping to confirm:  Is bid/ask activity volume available via [QuoteCenter], and if so is the useful information also delivered when requestiong historical data?