The first three platforms have reported average daily turnover (ADV) data for February, with CboeFX (formerly HotspotFX) and Gain’s GTX hitting new peaks and Euronext’s FastmatchFX seeing its second busiest month.
ADV at CboeFX was $44.20 billion in February, exceeding January’s then record month by 3.75% and up a huge 63.7% from February 2017. In January CboeFX saw five days in excess of $50 billion turnover, in February this bar was raised to seven days, with the peak being February 6 at $67.81 billion.
Gain’s GTX saw ADV of $16.1 billion, up 15.8% month-on-month, 45% year-on-year and again a new record for the platform. The volumes are for the ECN and SEF platforms, GTX’s Swap Dealer platform handled $2.7 billion in February, up 6% from January but down 13% year-on-year.
FastmatchFX reports ADV of $21.1 billion, a 1.4% increase from January and 27.1% higher year-on-year. Fastmatch’s peak came in May 2017 when the platform reported SADV of $22.5 billion.