CboeFX Volumes Flat, Euronext FX Rebound in June

The first two platforms to report June average daily volume indicates that activity rose slightly in June from May, reinforcing a small rebound from April’s lows.

CboeFX ADV was unchanged month-on-month at $33.1 billion per day, but 12.4% down year-on-year, while Euronext FX reports ADV of $19.3 billion, up 11.6% from May but down 12% year-on-year. Euronext’s FX Tape published ADV of $95.6 billion, a 4.8% month-on-month increase and up 38.6% year-on-year.

Elsewhere, Deutsche Boerse reported May activity last week, with FX platform 360T handling EUR 77.7 billion per day – a 2% decline, making it the second platform to report a month-on-month decline in activity in May with Integral. June 2018 marks the last month that 360T and GTX, the platform it bought in May of that year, reported separate results. Deutsche Boerse’s website says that activity is up 18% year-on-year, however taking GTX data from June 2018 into account this actually represents a 3.6% decline.

 

Colin Lambert

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