Cboe FX Markets Sees a Drop in ADV during August 2022

Recently, Cboe FX Markets, an institutional venue for spot foreign exchange trading, reported its trading volumes for August 2022. During the mentioned period, the average daily volume (ADV) witnessed a slight dip as the number reached $37.16 billion, compared to over $38.18 billion in July 2022.

In August 2022, the total volume of spot FX trading reached $854 billion. The last month had a total of 23 trading days. In July 2022, the total volume touched $801.9 billion. The month had 21 trading days.

Since May 2022, the average daily volumes related to FX have dropped marginally across the platform. In May, Cboe witnessed FX ADV of over $39.5 billion. The total volume during the mentioned period touched $870 billion.

YoY Demand

While the average daily volume dropped slightly in August compared to July, the number was up significantly compared to the same period last year. In August 2021, Cboe FX Markets reported an ADV of $28.9 billion. For the mentioned period, the total volume came in at $636 billion. Additionally, August 2021 had a total of 22 trading days.

Overall, the YoY demand related to FX at Cboe has increased in the past few months. In March 2022, Cboe FX Markets saw an average daily volume of approximately $44 billion with a total volume of more than $1.02 trillion. Also, March 2022 had a total of 23 trading days.

In September 2021, Cboe announced the launch of a hosted algorithmic execution service in collaboration with leading electronic liquidity provider XTX Markets.