The institutional FX trading world continued its strong start to 2023, following up a heady January with another good month in February.

Overall, institutional FX trading volumes increased slightly in February by 1.4% MoM, following a 14% jump in January 2023. However it was a month of mixed results, with FXSpotStream, EuronextFX and Deutsche Borse’s 360T seeing a slight rise in trading, while Cboe FX had a mild volumes drop. Again overall, a 1.4% increase in average daily trading.

Cboe FX (formerly HotspotFX)

• February 2023 average daily volumes were $41.896 billion, -2.1% from January’s $42.79 billion.

EuronextFX (formerly FastMatch)

• February 2023 ADV $20.61 billion, +0.7% from January’s ADV of $20.48 billion.

FXSpotStream

• FXSpotStream’s ADV MoM (February‘23 vs January’23) increased 3.78% to USD62.857billion.
• FXSpotStream’s ADV YoY (February’23 vs February‘22) decreased 0.44%.
• FXSpotStream’s ADV YTD (Jan-Feb’23) is USD61.659billion, an increase of 6.42% compared to the same period last year.

360T

• Average daily volumes (ADV) at 360T came in at $26.54 billion in February 2023, up 3.4% from January’s $25.67 billion.