Cboe Posts a Dip in FX Volume during August 2021

Cboe FX Markets recently released its trading volume for August 2021 and saw a sharp decline in the numbers. According to the released data, Cboe FX Markets saw an average daily volume (ADV) of $28.9 billion in August, which is significantly lower compared to July 2021.

In terms of the total FX volume, the number reached $636 billion in August 2021, which is down by approximately 11% compared to July 2021. August had a total of 22 trading days.

Cboe’s FX volume has been in a downtrend for the last three months. In June 2021, the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term reported a total FX volume of $734 billion while the FX ADV stood at nearly $33 billion. In July, the ADV dropped marginally to $32.6 billion. August’s ADV of $28.9 billion is the lowest in 2021.

However, if we compare with the same period last year, the latest numbers are marginally up. In August 2020, Cboe FX Markets reported a total FX volume of $602 billion and the ADV of $28.7 billion.

Performance of Cboe Global Markets

In July 2021, Cboe Global Markets posted a strong jump in futures ADV. Additionally, the operator saw a substantial jump in Index Options ADV and European Equities ADNV. Earlier this year, Cboe Global Markets completed the acquisition of Chi-X Asia Pacific. The operator is planning to accelerate its expansion in Japan and Australia through the latest acquisition.

“Cboe plans to fully integrate Chi-X Asia Pacific into its existing global business operations and technology platforms, beginning with the integration of Chi-X Asia Pacific and BIDS. Chi-X Australia and Chi-X Japan are planned to migrate to Cboe's state-of-the-art Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term thereafter. Providing one, unified technology platform will help provide market participants greater access to Cboe's diverse product set and more efficiency, resiliency, and functionality when trading across Cboe's markets,” the operator mentioned in an announcement recently.

Cboe closed the acquisition of the US-based BIDS Trading in January 2021 for an undisclosed price.