FX Trading Volumes Down at Euronext and FXSpotStream in October

Following the slowdown in activity seen at the FX trading venue of Euronext in September, the institutional ECN has reported that in October 2019, currency trading volumes were down even further, coming in at $18.6 billion ADV.

Euronext FX, formerly FastMatch, is reporting a total of $429 billion that has changed hands during the previous month, down -2.4 percent from a year ago, but was up six percent from $411 billion reported back in September 2019.

The company’s trading facilities were open on 23 trading days, which is two days more than the prior month.

Additionally, the average trading volume metric was lower on a month-over-month basis by approximately three percent relative to September’s reading of $19.1 billion, and by a similar percentage when compared to October of last year.

Mixed performance for October

Foreign 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 trading volumes at FXSpotStream LLC platforms, the aggregator service of LiquidityMatch LLC, also took a step back in October after printing a record high in August.

FXSpotStream reported an average daily volume (ADV) of $33.36 billion last month, the lowest since April 2019. The figure moved lower on a monthly basis by 10.7 percent from $37.34 billion back in September 2019 and is also down by 23 percent from August’s numbers when volumes shot up to a new all-time high. This figure also reflects a year-on-year drop of seven percent compared with $35.8 billion in October 2018.

Meanwhile, FXSpotStream saw a slump across its total trading volumes last month after it reported $767 billion for the month, sharply down from $951 billion hit back in August and $784 billion in September.

Cboe’s institutional spot FX platform, which is also a big player in the foreign exchange market, reported a four percent increase in ADV volumes compared to the previous month, with its average daily trading volumes amounting to $31.8 billion in October 2019.