Turnover held up well in August, given that most of the market seemed to be on holiday. The CME said turnover in FX averaged 616,000 contracts a day, or a notional $79 billion. This was a 7% decline on August 2008, but almost identical to July 2009. Thomson Reuters’ spot volumes were also steady, averaging around $116 billion a day, versus $118 billion in July. Over at Icap, average daily volume on the EBS platform came in at $122.3 billion, compared with $125 billion in July.