CboeFX
As expected, FX platforms saw a leap higher in average daily volume (ADV) during the market’s version of March Madness, with the first five to report data hitting new highs as well as establishing new individual day records. Deutsche Borse’s 360T reports spot FX ADV of $36.9 billion, a 36.2% increase from February, which was […]
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 […]
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 […]
As to be expected the first round of FX platforms to provide volume data indicate that turnover increased from December, however two of the three did show a year-on-year decline. CboeFX says average daily volume (ADV) on its FX platforms was $33.6 billion, a 12.4% increase from December, but a 6.7% decline from the previous […]
There is plenty on the run sheet for this week’s podcast as Galen Stops quizzes Colin Lambert over a report that links FX swaps liquidity and spreads to spot. Lambert confesses to being a little puzzled over some of the statements in the report and willingly confesses to Stops’ accusation of him being an FX […]
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 […]
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 […]
I am struggling to find someone who was not surprised by the BIS data on Monday, I think most of us who study the FX committee semi-annual data closely expected somewhere around the $6 trillion mark, but obviously it blew through that by another 10%. This very much reflects the growth in emerging markets to […]
The rising heat around the trade war and general volatility in exchange rates saw CboeFX and Euronext FX volumes rebound strongly from a poor July. CboeFX says it handled $33.1 billion in spot volume per day in August, a 20.3% gain from July and fully reversing the drop in that month from July. Year-on-year, CboeFX […]
The first group of FX platforms to report average daily turnover (ADV) for July indicate that volume in the market dropped sharply from June, however year-on-year data was slightly better. FXSpotStream reports ADV of $36.3 billion in all FX products, a 14.2% drop from June but a very healthy 31% increase from July 2018, while […]
