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December FX Volumes Hold Up

Data from CboeFX and Fastmatch indicate that while there was an inevitable drop from November, FX activity in December was historically robust.

CboeFX, formerly HotspotFX, reports average daily volume (ADV) of $33.4 billion in December, 4.3% lower than November, but up 7.4% from December 2017. CboeFX data is based upon 21 trading days, it was open in Asia on December 25, but it was not even the quietest month in the year for the platform, that marker going to July at $33.2 billion.

Meanwhile, Euronext’s FastmatchFX report ADV of $19.1 billion, down 5.9% on the month but again up on the year – by 22.4%. Fastmatch data is based upon 20 trading days.

In both cases, this the busiest December since the platforms starting reporting data.

The Fastmatch Tape reported FX trades worth $78 billion in December, this is down 18.2% on the month but still represents the fifth highest total for the project that has now hit its one year anniversary. 

Colin Lambert

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