In a new report by Credit Suisse, it disclosed that U.S. stock trading volumes are still falling, reported the Wall Street Journal.?
How much have they declined? The report noted that 2013’s busiest trading day sat at No. 148 on the “all-time busiest days” list. This occurred on June 21–a quadruple witching day.?
The report, written by Ana Avramovic, also said that last year’s trading volumes continued a five-year fall. She wrote, “While the US accounts for over 70% of global dollar value traded, it?s only around 8% of share volume. The figures are almost reversed for Asia. Asia?s low average share prices and larger community of retail investors explain this curiosity.??
Other findings included the disclosure that Asia sits at 82% for global volumes traded, while the U.S. is 7%; however, the U.S. represents 52% for global trade value while Asia is 15%.
Volatility underwent a fall in 2013–its lowest level since 2006–while trading glitches, such as Nasdaq’s August snafu, are on the rise but not as common.?
Avramovic wrote, ?While many people complain about what seems to be an increasing number of trading ?glitches? and feel that our market is more and more susceptible to another flash crash, owing to the large high frequency community and growing use of computer-driven algos, our data suggests otherwise.??