Institutional FX trading volumes down 5% in July 2022 summer slowdown
In what has been somewhat of a wild year, some normalcy returned to the world of institutional FX trading in July 2022, with the sector seeing its typical summer slowdown in trading volumes.
Following a very strong first half of the year for the leading FX ECNs, July saw a 5% decline in institutional FX volumes. All the eFX firms surveyed by FNG reported a decline, except FXSpotStream, which saw a very slight (0.3%) uptick in activity with July topping June 2022 as FXSpotStream’s second busiest month ever.
Cboe FX (formerly HotspotFX)
- July 2022 average daily volumes were $38.19 billion, -3.8% from June’s $39.71 billion.
EuronextFX (formerly FastMatch)
- July 2022 ADV $21.42 billion, -7.6% from June’s ADV of $23.19 billion.
FXSpotStream
- FXSpotStream’s ADV YoY (July’22 vs July‘21) increased 33.66% to USD64.037billion – our second highest ADV ever
- FXSpotStream’s ADV MoM (July‘22 vs June’22) increased 0.31% – June ’22 had previously set a record for the second highest ADV
- FXSpotStream’s Overall Volume YoY (July‘22 vs July‘21) increased 27.58% to USD1.345trillion, the 7th month in a row with supported volume well over 1 Trillion
- FXSpotStream’s ADV YTD (Jan-July’22) is USD62.054billion, an increase of 25.28% compared to the same period last year
360T
- Average daily volumes (ADV) at 360T came in at $25.45 billion in July 2022, down 10.0% from June’s $28.28 billion.