Refinitiv Sees Volume Surge in February

As was the case with other platforms that reported earlier in the month, Refinitiv has reported strong February average daily volume in spot FX – handling over $100 billion per day for the first time since 2018. Across its spot platforms Refinitiv says it had spot ADV of $103 billion, a 24% increase from January […]
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In the FICC of It

The is one subject on the agenda for this week’s podcast – the return of volatility to FX markets. Joining P&L’s managing editor Colin Lambert to discuss the issue are David Mercer, CEO of LMAX Group, and Joel Kruger, currency strategist at LMAX Exchange. After Kruger provides his view of current conditions in, and drivers […]
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StanChart Invests in 24 Exchange, Takes Board Seat

24 Exchange has received a strategic investment from Standard Chartered, related to which, the bank’s global head of FX trading, Geoff Kot, will join 24 Exchange’s board of directors. The trading venue, which launched in late 2019, offers a central prime broker clearing model with Standard Chartered as the central clearer for the trading of NDFs. It plans […]
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And Another Thing…

I mentioned in a recent column the increasing noise around fragmentation in equity markets, specifically end user frustration and unhappiness with it, but it is noticeable to me that the same discussion is gaining more volume in FX. Now I need to stress that this is not me (for about the 10th time) predicting consolidation […]
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More Positive News from FX Platforms

Following new records for three platforms reported earlier this week, a second group of platforms has unveiled strong turnover data for February. CME Group says that notional average daily volume (ADV) across its futures and options product suite was $98 billion in February, a 33.1% increase from January and a 32.6% increase from February 2019. […]
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Platforms Hit New Highs as Return of FX Volatility Helps ADV

The surge in activity associated with the return of volatility towards the end of February has propelled Euronext FX, FXSpotStream and CboeFX to new daily volume highs. On Friday February 28, EuronextFX reported it handled $45.8 billion, exceeding its previous high water mark of $39.6 billion set on June 24, 2016. Meanwhile the firm’s Tape […]
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In the FICC of It

Market structure dominates this week’s podcast as Colin Lambert goes to town on the SEC’s refusal to grant Cboe permission to implement a speed bump (and along the way take a few pops at the equity market structure of course), before touching upon news that the LSE-Refinitiv deal may be delayed and what that means […]
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Crux and Euronext Sign FX Data Deal

Crux Informatics has entered an agreement with Euronext FX to enable broad market delivery of the latter’s FX market data. Crux is a cloud-based data delivery and operations platform that connects customers with data suppliers around the globe and will now enable any authorised data consumer to access Euronext FX market data through a number […]
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Barclays Joins FXSpotStream

Barclays has become the 14th bank available to clients connected to FXSpotStream’s price streaming service. The bank joins existing liquidity providers, BofA Merrill Lynch, MUFG Bank, BNP Paribas, Citi, Commerzbank, Credit Suisse, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, Standard Chartered, State Street and UBS. “We are delighted to have Barclays join the existing liquidity […]
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Primary Venue FX Volumes Remain Lower YoY

While activity on the primary FX venues was mixed month-on-month thanks to January not being a roll month for CME, average daily volume (ADV) on all three venues was lower year-on-year. Refinitiv reports ADV of $83 billion for spot FX across its platforms in January, a 6.4% increase from December, but a 12.6% decline from […]
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