institutional fx volumes

For the second month in a row, institutional FX trading volumes were flat in November 2023, ticking up 0.4%.

Each of the leading institutional FX trading platforms reviewed by FNG saw volumes during October within +/- 4% of last month.

Rising interest rates (and speculation on continuing central bank action) has injected more volatility into both equity and currency markets.

Each of the leading institutional FX venues FXSpotStream, Cboe FX, EuronextFX and 360T saw a decrease in activity during August 2023.

Each of FXSpotStream, Cboe FX, EuronextFX and 360T saw a month-over-month increase in activity during July 2023.

All of the eFX venues canvassed by FNG saw an increase in activity during June, led by FXSpotStream’s 13.5% uptick.

Trading activity did tick up by 3.6% in May 2023, but that was following an across-the-board 14% decline in institutional FX trading in April.

April’s volumes include Good Friday (April 7) which was officially a trading day but had naturally very little activity.

Each of the leading institutional FX houses reported increases including FXSpotStream, EuronextFX, Deutsche Borse’s 360T, and Cboe FX.

It was a month of mixed results, with FXSpotStream, EuronextFX and Deutsche Borse’s 360T seeing a slight rise in trading.