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Platform Volumes Plummet Amid Low Volatility

The average daily volumes (ADV) on Cboe FX, FXSpotStream and Euronext FX in April were down 18.2%, 15.3% and 23.8%, respectively, compared to March.

This sizable drop in volumes does not come as a surprise given the low market volatility last month and anecdotal evidence that suggested trading activity was subdued.

The ADV on Cboe FX was $31.5 billion in April, down from $38.5 billion the month before and down $36.3 billion in April of last year.

The ADV traded on FXSpotStream was $32 billion in April, down from $37.8 billion in March, but still up from the $24.6 billion it reported in April 2018.

The ADV on Euronext FX (formerly FastMatch) in April was $16 billion, down from $21 billion the previous month and down year-on-year from the $19.4 billion it reported in April 2018.

The ADV on the Euronext FX Tape was $84.9 billion, down 16.3% from the $101.4 billion ADV it reported in March, but still up 54% year-on-year.

Galen Stops

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