Institutional FX trading volumes tick up 3% in July 2023
Institutional FX trading got off to a good start in the second half of 2023, with an increase averaging 3.1% in daily eFX trading volumes during July from what was a strong June for FX trading and an active first six months of the year.
Each of the leading institutional FX venues surveyed by FNG including FXSpotStream, Cboe FX, EuronextFX and 360T saw a month-over-month increase in activity during July 2023, as continued currency volatility kept traders active.
Cboe FX (formerly HotspotFX)
- July 2023 average daily volumes were $43.923 billion, +0.1% from June’s $43.880 billion.
EuronextFX (formerly FastMatch)
- July 2023 ADV $23.441 billion, +0.3% from June’s ADV of $23.372 billion.
FXSpotStream
- July’s ADV was USD65.062billion. This marked an uptick of 3.30% MoM when compared to June 2023, and a 1.60% increase YoY, compared to July 2022.
360T
- Average daily volumes (ADV) at 360T came in at $29.173 billion in July 2023, up 8.7% from June’s $26.839 billion.