There’s been little by way of discernable trends amongst the trading volumes reported for September by the first set of FX trading platforms to do so publicly.
Cboe FX reported an average daily volume (ADV) of $30.4 billion for September, down 8.2% from the $33.1 billion it reported in August and down 15% from the $35.8 billion reported in September 2018.
The ADV on FXSpotStream was $37.3 billion last month, down 13.7% from August when it posted a record high of $43.2 billion. To put the platform’s September volumes in perspective, this still represents a 17.1% year-on-year increase in trading activity.
Integral reports an ADV of $37.3 billion across its platforms in September, an increase of 8.1% compared to the $31.4 billion reported the previous month and up 10.4% year-on-year.
September ADV on Euronext FX was $19.1 billion last month, down from $22.3 billion in August, but up from $18.6 billion in September 2018.
The ADV of the Euronext FX Tape was $84.1 billion in September, down 8.9% month-on-month, but roughly flat from the $84.4 billion recorded in September 2018.
It should be noted that the volumes reported by Cboe FX and Euronext FX reflect only spot FX volumes, whereas FXSpotStream and Integral include other FX products in their reported volumes.