NEX Markets, Thomson Reuters, FX Volumes Rise in February

NEX Markets maintained the momentum from a strong January performance by reporting average daily spot volume of $108.3 billion in February.

At 3.2% up on the month and 34.2% up year-on-year, the performance largely reflects that of other platforms that reported data this month. It is also NEX Market’s strongest performance since March 2015 when it benefited from the continued fallout of the Swiss National Bank’s decision to remove its floor in EUR/CHF.

Thomson Reuters, meanwhile, reports spot ADV of  $113 billion, up 4.7% from January but again an impressive 34.5% up year-on-year. As was the case with NEX, February represents Thomson Reuters’ busiest spot month for some time, in January 2016 it recorded ADV of $123 billion.

In non-spot FX products Thomson Reuters reports ADV of $350 billion, a new high mark for the firm, beating January’s then-record by 7.7% and 37.8% up on February 2017.

So far this month, Cboe FX, FXSpotStream and GTX have reported new peaks for activity and all platforms have recorded strong year-on-year growth with only CME being slightly down on a month-on-month basis.

 

 

Colin Lambert

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