Institutional FX volumes slow 11% in April 2022 despite strong last two weeks
Activity in the second half of April picked up, and even exceeded March’s levels at some leading forex ECNs.
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.
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%.