Day: 1 September 2020

Platform Volumes Edge Higher: CboeFX Dips

The first group of platforms to report FX average daily volume (ADV) data indicate that activity was slightly higher in August from July, but was down year-on-year. FXSpotStream, which reports ADV is all products, not just spot, reports it handled $41.2 billion in August, up 2% month-on-month, but down 4.8% from August 2019 – a […]

US Manufacturing Conditions Improve Further in August

The August ISM index showed US manufacturing sector activity expanded further due to extraordinarily strong demand, but the sector is still laying off workers and some sectors have not fully recovered from the COVID slowdown. The headline PMI index rose to 56.0 from 54.2 in July, above expectations for a smaller increase to 54.7 and […]

Oanda Acquires Polish Broker

Oanda has entered into an agreement to buy Polish retail FX broker Dom Makerski TMS. Financial terms of the deal were not released and it remains subject to regulatory approval. Oanda says the acquisition is the first “in a number” of strategic acquisitions it is looking to complete over the next two years as it continues […]

Simple, but Sophisticated: XTX Launches FX Execution Algo

It is an old saw in the FX industry that firms respond to customer demand and with algo usage on the increase for firms executing FX trades, inevitably eyes have turned to XTX Markets with the question, ‘will it also enter the market for algos?’ As one of the biggest FX market makers such questions […]

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