Cboe Global Markets’ Data Shop has added historical spot foreign exchange and bitcoin data from Cboe FX to its range of offerings.
The exchange group says that market participants and academics can back-test, analyse, and have the potential to increase trading opportunities, using the data, which includes TOP, which provides top-of-book data on currency pairs, including the quote time, bid price, bid quantity, offer price and offered quantity. Also available is Snapshot, which provides a look at the depth of book data at intervals throughout the trading day; and Cboe FX Tape.
The first four platforms to report average daily volume (ADV) for April paint a mixed picture with Euronext’s Fastmatch FX seeing an uptick in activity from March and Cboe FX, FXSpotStream and GTX seeing a slight decline. All four venues are higher on a year-on-year basis.
Cboe FX, formerly HotspotFX, reports average daily volume of $36.3 billion in April, FXSpotStream, $24.6 billion, FastmatchFX $19.4 billion and Gain’s GTX $13.3 billion. The Fastmatch Tape has also report a big gain in April.
BestX is including the FX Tape, a service provided by FastMatch, a Euronext company, within the BestX Best Execution FX Analytics, allowing clients to choose to include the FX Tape as an additional benchmark against which they can analyse their trade portfolios.
BestX is the first FX analytics provider to offer clients FastMatch’s FX Tape service as a benchmark to its client base, which includes asset managers, hedge funds, wealth managers and sovereign wealth funds.
“As the industry standard for FX TCA, it is important that BestX offers the FastMatch FX Tape as an additional benchmark within our analytics for our clients. The inclusion of the FX market’s default streaming mid is another material step towards increasing the transparency of the FX market," says Oliver Jerome, Co-Founder at BestX.
While the results from the first three platforms to report FX turnover data are all up from December, the year-on-year comparison is more mixed, with FXSpotStream hitting another peak for the service, but CboeFX and FastmatchFX both falling back.
FXSpotStream reports average daily volume (ADV) of $38.4 billion in all FX products, while CboeFX handled $36 billion per day of spot and FastmatchFX saw a daily average of $20 billion transacted on its platform. The Fastmatch Tape saw a decline for the second month in a row, however.