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where does FX volume data come from?

Posted: Wed Oct 16, 2024 2:45 am
by BobbyChow
Noob question:

I read somewhere that because FX has no central exchange there's no volume data for each tick.

But I just downloaded some data with Tickstory, and it has bid/ask volume. Is this data correct? Where does it come from anyway?

Re: where does FX volume data come from?

Posted: Wed Oct 16, 2024 6:37 am
by tickstory
Hi Bobby,

The Bid/ask volume data represents the volume on the bid/ask side of the order book at any given moment. You can find more details on this thread.

Thanks