Platform Volumes Suggest November Slowdown

Trading activity was down last month across the first set of FX trading platforms to publicly report their volumes.

FXSpotStream reported an average daily volume (ADV) of $31 billion on its platform for November, down 7.2% from $33.4 billion the previous month and down 12.9% year-on-year.

Cboe FX had an ADV of $28.5 billion last month, a 10% decrease from the $31.7 billion it reported in October and down 18.3% compared to the $34.9 billion it reported in November 2018.

The ADV of spot products traded on 360T was $20 billion in November, down 6.9% from $21.5 billion the previous month and down 7.8% from $21.7 billion during the same month last year. These spot volumes include the 360TGTX business plus the streaming and RFS businesses of 360T TEX.

The ADV on Euronext FX was $14.9 billion in November, down 20.3% from $18.7 billion in October and down 26.6% year-on-year. The Euronext FX Tape saw an ADV of $74.2 billion last month, down from $82.7 billion in October and $95.3 billion during the same month last year.

Galen Stops

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