The first three platforms to confirm data
for June show that FX volumes rose across the board driven, of course, by
activity around the UK’s vote on European Union membership.
FastMatch recorded average daily volume
(ADV) of $16.1 billion in ...
The total average daily volume (ADV) of foreign exchange
trading across Thomson Reuters platforms in June totalled $394bn, rising by by
5% year-on-year and by 13.5% month-on-month.
ADV for spot trading in June was $116bn, Reuters says.
This total reflects trading volumes ...
Trying to decipher platform performance
during last month’s UK-inspired mayhem is almost as difficult as keeping track
with the latest shenanigans in UK politics following the vote to leave the EU –
but I’ve had a go and there ...
The first batch of trading venues to
provide turnover data indicates that trading volumes in July, perhaps
inevitably, retreated from the Brexit-inspired heights of June.
HotspotFX reports average daily volume
(ADV) of $26.25 billion in July, down 9% from June’s $28.8 billion. ...
CME Group and Moscow Exchange (Moex) have both
reported lower FX volumes in July – largely reflecting the first batch of data
from the OTC platforms earlier this week.
CME says average daily volume (ADV) in its
FX contracts was 724,000, the ...
I have long been a sceptic over the market
share model in FX, to me the question should always be about the quality of
business, not the quantity, but that is not to say that a reasonable share of
Most FX major trading venues will be glad to see the back of August – following the downbeat results from FastMatch and Hotspot, four other venues have reported a decline in volumes – two registering historic lows and a third the lowest in seven years. The numbers add up to a horrible month for the platforms and, by association, for the wider foreign exchange industry as activity levels continue to dive following June’s Brexit-inspired spike, most will be hoping for a forex rebound in September.
Data from CLS shows that its average daily input volumes for August were down 15.9% month-on-month, which is consistent with a broader decline in trading activity across the multibank FX platforms last month.
The average daily input volume submitted to CLS, combining the settlement and aggregation services, was 883,368 in August, down from 1,050,046 the previous month and the 1,170,313 recorded in August 2015.
However, average daily input values were flat – down just 0.2% month-on-month to $4.68 trillion from $4.69 trillion in July 2016.
Early indications from FX trading platforms suggests all saw a good boost to activity during the US election results sequence.
Bats’ Hotspot handled average daily volume (ADV) of $64.5 billion on November 9, the firm says, roughly two and a half times more than the average it had been handling in the first week of the month and significantly higher than last month’s $25.3 billion ADV.
FXSpotStream also had a good day, with the firm saying it handled $48 billion on a single count basis, almost three times its volumes which last month were $17.1 billion.
FastMatchFX also saw a similar increase in activity, handling $38 billion yesterday, up from the $14 billion it was averaging in November and the $13.6 billion averaged in October.