FX turnover is down, but not by as much as some expected. Why?
The average daily input volume of instructions submitted to CLS,
combining the settlement and aggregation services, fell 9.7% month on month in
July, standing at 1,050,046.
However, year on year volumes were less changed,
decreasing by just over 1.7%.
Meanwhile, the average daily ...
Thomson Reuters, FX Spotstream and FXCM
have all reported a month-on-month decline in FX average daily volume (ADV),
however the latter two are up on a year-on-year basis.
Thomson Reuters says spot volumes across
its platforms was $97 billion per day, 8.5% ...
Virtu Financial has signed a
three year deal with JP Morgan to provide technology and market access to the
dealer-to-dealer US Treasury market.
“I am very pleased to
announce that we have partnered with JP Morgan on an initiative to ...
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. ...
The average daily
input value submitted to CLS was $5.19 trillion in June, up 12.6% from the
previous month and up 3% year-on-year.
Average daily input
volume submitted to CLS, combining the settlement and aggregation services, was
1.16 million in June.
This represents a
In a surprise move the Bank of England’s Monetary Policy
Committee overwhelmingly voted to maintain bank rates at 0.5% Thursday,
although it said it expects to take some stimulus measures in August.
At its meeting ending July 13, the MPC voted ...
The depreciation of
sterling since the Brexit vote could increase pressure on UK corporate ratings,
with UK retailers and airlines particularly exposed, says ratings agency,
Although Fitch says
that the falling value of the pound is unlikely to spur ...
Liquidity in FX markets is again a hot
topic following a sharp move lower by Cable in Asian trading.
In the space of a minute sterling dropped
from 1.2930 to under 1.2800 – market sources say liquidity is very thin and
exacerbating the ...
A further deterioration in investor appetite for UK assets,
together with a potential rise in the number of vulnerable households and
increased fragility in financial markets are among the main risks that the
Financial Policy Committee of the Bank of ...