The primary FX trading venues all saw a decline in activity in October.
CME Group says it handled 804,000 FX contracts on its futures and options suite for a notional value of $74.6 billion – this is an 11% decline from October 2018 and a 24.1% decline from September’s roll month.
CME’s EBS also saw a decline in activity, with average daily volume (ADV) falling to $68.9 billion, a 22.3% year-on-year fall and an 11.4% decline month-on-month.
Meanwhile spot FX volume across Refinitiv’s platforms fell to $81 billion per day. This is a 13% decline from October 2018 and a 12.9% decline from September. Non-FX activity on Refinitiv’s platforms rose by 9.3% year-on-year to $351 billion, although it is a small 1.4% decline month-on-month.
Elsewhere, Integral Development handled $36.4 billion per day in October in all FX products, a 5.2% increase year-on-year, but a 2.4% month-on-month decline.