Day: 28 February 2017

FX Volumes Drift Lower in February

The first three platforms to report FX volume data for February indicate a slightly quieter month than January.
Bats’ HotspotFX saw average daily volume (ADV) of $27 billion in February, a 12.6% decline from January and 17.2% down on the same month in 2016.
The picture was slightly more positive at the other two platforms to report, however, with FastMatch FX handling $16.6 billion per day in February, and Gain’s GTX $11.1 billion, both down on the month but up year-on-year.

City Against MND Network Supporter to Walk 300 Mile Jarrow March to Raise Awareness

The City Against Motor Neurone Disease (MND) Network, a group for those working in and around the City of London who have in some way been “touched” by MND and would like to help find a cure and improve care/services for those living with it, announces supporter Thom Lant will be walking the historic Jarrow March to raise awareness of MND starting in Jarrow, North East of England on Monday March 6.

The 300 mile walk will follow the route of the original Jarrow March of 1936, travelling through many of England’s major cities and towns including Darlington, Harrogate, Leeds, Barnsley, Sheffield, Nottingham, Leicester, Northampton, Bedford, Luton, St Albans and finishing in London.

Peso Likely to Reflect Economic Uncertainties in Mexico

Uncertainty regarding both financial conditions within Mexico and geopolitical developments internationally is making it hard to predict how the peso will fare in 2017.

Speaking at Profit & Loss Latin America, which took place on February 9 in Mexico City, economic experts warned that there are numerous variables that could impact the value of the Mexican currency this year, making accurate forecasts challenging.

“Uncertainty will be the name of the game this year,” explained Daniela Blancas, a financial market economist at CitiBanamex.