The first group of FX trading platform providers to report results for October indicate it was a mixed month for providers with CboeFX seeing a slight rise in activity and three other venues small declines.
CboeFX handled $31.7 billion per day in October, a 4.2% increase from September, but a 14.3% decline year-on-year. The platform also reported a non-firm liquidity fill rate of 84.78% over the month, while between its London and New York matyching engines, firm liquidity was 39% of total volume.
FXSpotStream handled $33.4 billion across all FX products in October, a 10.5% decline month-on-month and a 7% decline year-on-year – marking the first year-on-year decline for the platform since November 2017.
Elsewhere, EuronextFX reports average daily volume of $18.7 billion, a 2.1% fall from September and a 2.6% decline year-on-year. The EuronextFX Tape reported $82.7 billion worth of trades in October, down 1.7% from September and 12.6% down year-on-year.