Institutional FX trading volumes slow 9% in October after record September
Following what was a record month across leading institutional FX venues in September 2022 (thanks to crazy volatility among virtually all major FX pairs), things slowed somewhat in October, which was still one of the best months of 2022 to date.
Overall, the leading institutional FX ECNs surveyed by FNG – Cboe FX, EuronextFX, FXSpotStream, and Deutsche Borse’s 360T – saw trading volumes fall by an average of 9% MoM in October, with all the aforementioned firms seeing decreases MoM of at least 5%
Cboe FX (formerly HotspotFX)
- October 2022 average daily volumes were $42.67 billion, -6.9% from September’s $45.83 billion.
EuronextFX (formerly FastMatch)
- October 2022 ADV $21.53 billion, -11.1% from September’s ADV of $24.22 billion.
FXSpotStream
- FXSpotStream’s ADV YoY (October’22 vs October‘21) increased 37.01% to USD69.130billion.
- FXSpotStream’s ADV MoM (October‘22 vs September’22) decreased 5.75% – following its highest ADV ever in September ’22.
- FXSpotStream’s Overall Volume YoY (October‘22 vs October‘21) increased 37.01% to USD1.452trillion.
- FXSpotStream’s ADV YTD (Jan-Oct’22) is USD63.770billion, an increase of 31.04% compared to the same period last year.
360T
- Average daily volumes (ADV) at 360T came in at $23.78 billion in October 2022, down 13.1% from September’s $27.38 billion.