Institutional FX trading volumes rebound with a strong September, +18%
Each of FXSpotStream, Cboe FX, Deutsche Borse’s 360T and EuronextFX saw healthy mid-teen percent increases in FX trading volumes.
Each of FXSpotStream, Cboe FX, Deutsche Borse’s 360T and EuronextFX saw healthy mid-teen percent increases in FX trading volumes.
Some normalcy returned to institutional FX trading in August 2021, with a typical summer slowdown in activity.
All leading institutional FX ECNs surveyed showed July 2021 volumes down MoM from June of between 2% and 6%.
Trading volumes at leading institutional eFX venues finished off the first half of 2021 with a bang in June.
Overall, trading volumes were up 2.3% MoM in May, with all ECNs but FXSpotStream posting modest single-digit percent gains.
On average, each of Cboe FX, EuronextFX, FXSpotStream and 360T saw a 16% MoM decline in volumes from March.
Overall, daily average trading volumes increased by 4.0% at leading eFX platforms, with only EuronextFX showing a slight decline in activity.
Much of the (rise in) activity is attributable to the last few days of February, when currency volatility brought the GBPUSD to above 1.40.
Trading volumes were especially strong in the last few days of January, with the retail equities trading frenzy spilling over to currencies.
Of all the major FX ECNs covered, only Integral posted an increase in volumes during December, and that was a paltry 1.5%.