Institutional FX trading volumes down 5% in July 2022 summer slowdown
Some normalcy returned to the world of institutional FX trading in July 2022, with the sector seeing its typical summer slowdown.
Some normalcy returned to the world of institutional FX trading in July 2022, with the sector seeing its typical summer slowdown.
Each of Cboe FX, 360T, FXSpotStream and EuronextFX saw single-digit increases in FX volumes trading activity.
Following what was a very strong Q1 for the leading institutional eFX players, things have slowed down somewhat in Q2.
Activity in the second half of April picked up, and even exceeded March’s levels at some leading forex ECNs.
Trading volumes at leading institutional FX trading venues continued to rise in March 2022, with a number setting all-time records.
Leading institutional ECNs FXSpotStream, Cboe FX, EuronextFX and 360T each reported MoM double digit percent volume increases.
Each of the institutional ECNs surveyed – FXSpotStream, Cboe FX, EuronextFX and 360T – reported month-over-month volume increases.
Each of the institutional ECN surveyed – FXSpotStream, Cboe FX, EuronextFX and 360T – reported a MoM volume drop of 12-17%.
November was basically flat with October, until the last few trading days, when Omicron variant fears rattled financial markets.
Overall, our calculations show that institutional FX volumes were up on average by 1.6% in October over September.