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 […]
Tag: FX Tape
Kevin Wolf, CEO of Euronext FX, explains how the rebranding of FastMatch is indicative of the widening client base and service offering of the firm. This content was sponsored by Euronext. Profit & Loss: You recently rebranded FastMatch as Euronext FX, can you talk me through the thinking behind this change? Kevin Wolf: This rebranding […]
For the lovers of total transparency among my readers there is good news on the horizon as I am told that the FastMatch sponsored Tape for FX is “one or two banks short of becoming a reality”. So with the project imminent, it’s time to ask, is the Tape a good idea? I understand its value in an environment in which a product is traded across multiple venues in one centre but does the concept work in FX with its global, multi-jurisdictional and equally fragmented framework?