FX Trading Activity Ticked Up in March

It looks like there was an uptick in trading activity in March, as the first platforms to report trading volumes FXSpotStream, Cboe FX and FastMatch all reported higher month-on-month volumes.

The average daily volume (ADV) traded on FXSpotStream was $37.8 billion in March, its second highest month ever and an 8.38% increase from the $34.8 billion it reported for February. It also represents a 37% increase compared to March 2018.

CboeFX reported an ADV of $38.5 billion last month, up 11.6% from the $34.5 billion it reported in February, but largely flat year-on-year.

The ADV on FastMatch’s platform in March was $21 billion, up 16% month-on-month and 11.7% year-on-year. Meanwhile, volumes on FastMatch’s FX Tape spiked dramatically last month, with the ADV going from $64.5 billion of notional value reported in February to $101.4 billion in March, a 57% increase.

Fastmatch and Cboe FX volumes represent spot FX products only, while FXSpotStream data is for all FX products, including FX swaps.



Galen Stops

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