Tag: Fx Volumes

Fx Volumes

CLS Data Reflects Broader FX Slowdown

Data from CLS shows that its average daily input volumes for August were down 15.9% month-on-month, which is consistent with a broader decline in trading activity across the multibank FX platforms last month.

The average daily input volume submitted to CLS, combining the settlement and aggregation services, was 883,368 in August, down from 1,050,046 the previous month and the 1,170,313 recorded in August 2015.

However, average daily input values were flat – down just 0.2% month-on-month to $4.68 trillion from $4.69 trillion in July 2016.

Platforms Suffer Mense Horribilis

Most FX major trading venues will be glad to see the back of August – following the downbeat results from FastMatch and Hotspot, four other venues have reported a decline in volumes – two registering historic lows and a third the lowest in seven years. The numbers add up to a horrible month for the platforms and, by association, for the wider foreign exchange industry as activity levels continue to dive following June’s Brexit-inspired spike, most will be hoping for a forex rebound in September.

And Another Thing…

I have long been a sceptic over the market share model in FX, to me the question should always be about the quality of business, not the quantity, but that is not to say that a reasonable share of flow isn’t important – it is. Market share is equally important – I would argue much […]

Exchanges See FX Volume Decline

CME Group and Moscow Exchange (Moex) have both reported lower FX volumes in July – largely reflecting the first batch of data from the OTC platforms earlier this week. CME says average daily volume (ADV) in its FX contracts was 724,000, the second lowest level of activity this year after May saw ADV of 716,000. […]

Platform Volumes Fall Back in July

The first batch of trading venues to provide turnover data indicates that trading volumes in July, perhaps inevitably, retreated from the Brexit-inspired heights of June. HotspotFX reports average daily volume (ADV) of $26.25 billion in July, down 9% from June’s $28.8 billion. The platform has demonstrated year-on-year growth, however, with ADV up 11.5% from July […]

And Finally…

Trying to decipher platform performance during last month’s UK-inspired mayhem is almost as difficult as keeping track with the latest shenanigans in UK politics following the vote to leave the EU – but I’ve had a go and there seem to be some interesting angles. I am not talking about the technology – that worked […]

Reuters FX Volume Shows YoY Growth

The total average daily volume (ADV) of foreign exchange trading across Thomson Reuters platforms in June totalled $394bn, rising by by 5% year-on-year and by 13.5% month-on-month. ADV for spot trading in June was $116bn, Reuters says. This total reflects trading volumes on Thomson Reuters Matching and FXall in all transaction types, including spot, forwards, […]

FastMatch Hits New High as First Platforms Volumes Released

The first three platforms to confirm data for June show that FX volumes rose across the board driven, of course, by activity around the UK’s vote on European Union membership. FastMatch recorded average daily volume (ADV) of $16.1 billion in June, its highest yet, 29.4% above its previous high of $12.6 billion set in October […]