Refinitiv Volumes Show Slight Uptick in December

The total average daily volume (ADV) of spot FX traded across Refinitiv’s platforms in December 2019 was $78 billion. This is a slight increase from the $75 billion of ADV that it reported in November 2019, but down 13.3% from $90 billion in December 2018. This trend is consistent with other platforms that have reported […]
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Integral Monthly Uptick Consistent with Other Platforms

Integral’s average daily volume (ADV) for December 2019 was $36.3 billion, up 6.8% from November 2019. However, Integral’s December ADV represents a 6.6% decline year-on-year and Profit & Loss previously reported that November last year was a slow month for FX trading activity generally.    The fact that Integral’s numbers were up month-on-month but down year-on-year […]
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And Finally…

Welcome to 2020 and may I wish you all a healthy and prosperous new year – if we’re looking in purely market terms I suppose that means some volatility. There were a few things that caught my eye over the holiday period, all of which I will, hopefully, get to in the next week, but […]
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EBS Hits a New Low Amidst Mixed News for CME

December was a mixed month for CME Group with the FX futures and options franchise seeing new highs but EBS hitting its lowest point since it started reporting numbers in 2007. Average daily volume (ADV) on EBS in spot FX was $56.9 billion per day in December. This was based upon a 22 day trading […]
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Platforms Rebound from Bleak November

It is perhaps a measure of how quiet FX markets were in November that the early platforms to report volume data for December all saw an increase month-on-month in average daily volume (ADV). CboeFX transacted $29.9 billion per day during December, up 4.9% on November, however this was down 10.5% from December 2018. Cboe says […]
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Lempres Joins OTCXN Board

OTCXN has announced the appointment of Mike Lempres to its board of advisors. Lempres is currently executive in Rresidence at venture capital firm Andreessen Horowitz and advisor to the firm’s crypto and blockchain portfolio companies, he is also a member of the board of directors of Coinbase Trust Company (Coinbase’s custody business), Silvergate Bank and […]
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360T Goes Live with FX Swaps Platform

360T has launched a fully automated FX swaps limit orderbook with mid-rate matching capability, called 360TGTX MidMatch. It offers a fully visible limit orderbook that will allow market makers to stream curves out to two years, while the Swaps Data Feed that 360T has spent two years developing with 20 bank partners, will act as […]
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And Finally…

Is it time to really start to get worried about the primary FX venues? I have written before about the decline in volumes at these venues but one could be forgiven for thinking the decline is now becoming a little precipitate. Both Refinitiv and EBS reported their lowest spot ADV since they started reporting (so […]
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EBS, Refinitiv Hit New Low as Primary Venues Confirm Downbeat November

Following downbeat reports from other venues earlier this week, the primary FX venues have also released weak volume data for November, with all three of CME, EBS and Refinitiv Matching reporting their lowest ADV for the year to date – the latter two platforms actually hitting their lowest ADV since they started reporting data over […]
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Instinet Launches FX Platform

Instinet has signalled a push into the FX industry with the launch of Newport FX, an agency-model spot e-FX platform. The new platform is a web-based desktop application that can be accessed through the firm’s Newport EMS, direct FIX API, or on a stand-alone basis. Instinet says Newport FX was designed to give its clients transparent […]
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