Platform Volumes Fall Back in July

The first batch of trading venues to
provide turnover data indicates that trading volumes in July, perhaps
inevitably, retreated from the Brexit-inspired heights of June.

HotspotFX reports average daily volume
(ADV) of $26.25 billion in July, down 9% from June’s $28.8 billion. The
platform has demonstrated year-on-year growth, however, with ADV up 11.5% from
July 2015.

Meanwhile FastMatch says ADV on its venue
was $12.9 billion, a 20.8% decline from June’s record $16.3 billion but again,
a more than healthy 61.2% gain year-on-year.

It was a similar picture at the third
provider to report. Gain GTX says ADV on its ECN and SEF was $8.3 billion,
which Gain says is a 14% decline month-on-month but a 21% gain year-on-year.

Volumes on Gain’s swap dealer platform were
$2.4 billion per day in July, down 2% from June and a more notable 29% lower
than July 2015.

Twitter @lamboPnL

Twitter @Profit_and_Loss

Colin Lambert

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