Institutional FX trading starts 2023 strong, volumes up 14% MoM
Each of Cboe FX, EuronextFX, FXSpotStream and 360T posted activity increases between 5% and 21% as compared to December.
Each of Cboe FX, EuronextFX, FXSpotStream and 360T posted activity increases between 5% and 21% as compared to December.
Each of Cboe FX, EuronextFX, FXSpotStream and 360T posted MoM activity declines of between 9% and 16% in December 2022.
October saw FX trading volumes drop by about 9% at leading ECNs, and now November seems to have been another weak month.
Following what was a record month across leading institutional FX venues in September 2022, things slowed somewhat in October.
The Euro and British Pound hit multi-year lows against the US Dollar in September 2022, leading to rising trading volumes.
All the eFX firms surveyed by FNG reported a decline in August of between 3% and 10%, averaging as a group 6.4%.
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.