Following a slow February in institutional FX trading, trading activity at leading ECNs and multibank FX streaming services took a nice leap forward in March 2024.

Average daily trading volumes at leading institutional eFX venues surveyed by FNG increased by 13% in March 2024, with each of FXSpotStream, Cboe FX, 360T, and EuronextFX reporting double digit percent activity surges during the month – including a best-ever monthly ADV for FXSpotStream, at $82.577 billion.

Cboe FX (formerly HotspotFX)

• March 2024 average daily volumes were $47.892 billion, +12.4% from February’s $42.626 billion.

EuronextFX (formerly FastMatch)

• March 2024 ADV $26.570 billion, +12.5% from February’s ADV of $23.608 billion.

FXSpotStream

• March’s Total ADV set another ADV Record High for FXSpotStream at USD82.577billion, with Spot ADV of USD58.184billion and Other ADV of USD24.393billion.
• FXSpotStream’s Total ADV MoM (Mar’24 vs Feb’24) increased 14.17%.
• FXSpotStream’s Total ADV YoY (Mar’24 vs Mar’23) increased 23.68%.
• FXSpotStream’s Spot ADV MoM (Mar’24 vs Feb’24) increased 12.26%.
• FXSpotStream’s Spot ADV YoY (Mar’24 vs Mar’23) increased 7.66%.
• FXSpotStream’s Other ADV MoM (Mar’24 vs Feb’24) increased 19.00%.
• FXSpotStream’s Other ADV YoY (Mar’24 vs Mar’23) increased 91.73%.

360T

• Average daily volumes (ADV) at 360T came in at $30.669 billion in March 2024, up 11.1% from February’s $27.614 billion.