institutional fx volumes

September’s overall ADV of USD125.260billion registered as a record ADV high for FXSpotStream.

While FXSpotStream and Cboe FX saw modest MoM increases in August, 360T and EuronextFX reported larger declines in trading volume.

The traditional summer slowdown has hit the FX trading world, with July 2025 volumes slumping slightly from June levels.

Each of FXSpotStream, Cboe FX, EuronextFX and 360T reported between 0.6% and 3.6% FX trading volumes increases in June 2025.

May was much quieter than April, with key FX rates trading in a much more limited range, leading to lower trading volumes.

Each of the leading eFX venues surveyed by FNG – FXSpotStream, Cboe FX, EuronextFX and 360T – saw activity increases in April 2025.

Each of FXSpotStream, Cboe FX, EuronextFX and 360T saw trading activity increases of between 6-11% during March.

Average trading volumes at the leading eFX venues surveyed by FNG rose by an average of 2.4% in February 2025.

Each of FXSpotStream, Cboe FX, 360T, and EuronextFX posted double digit percent trading volume increases in January 2025.

A near-record November, buoyed by post-US election currency volatility, gave way to a holiday season slowdown in the last month of 2024.