NEX Markets Incurs Slight Decline in Trading Volumes During July

Wednesday, 02/08/2017 | 13:54 GMT by Jeff Patterson
  • Spot FX trading in July at NEX Markets has declined in spite of mounting volatility across markets.
NEX Markets Incurs Slight Decline in Trading Volumes During July
NEX

NEX Markets, the electronic markets subsidiary of NEX Group, has published its latest trading volumes report for the month ending July 2017. During the month of July, the company reported a decrease in spot FX figures, ultimately paring last months tepid gains as the institutional space has lagged during the summer months,

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The volumes show a slight monthly retreat, in tandem with other institutional exchanges. Despite higher Volatility in July, big money has thus far abstained from entering the market, even as American political scandals and monetary policy continue to make headlines.

In particular, July 2017 marked a figure of $81.6 billion daily for spot foreign Exchange trading, down 2.0 percent month-over-month from $83.3 billion daily in June 2017. Over a yearly basis however, this figure was inverted, growing by nearly 1.0 percent year-over-year from $80.4 billion in spot FX volume from July 2016.

A closer analysis corroborates recent trends across the FX market during the summer months – now into July – that have been consistently slightly lower. The seasonal slowdown this year has come in spite of the increasing volatility of the US dollar index, which was this past month triggered by the latest batch of US political turmoil – this saw the USD fall to multi year lows vs. several majors.

NEX Group’s electronic trading subsidiary also saw a decline in trading of US Treasuries on month-on-month (-6.0 percent) and year-on-year (-13.0 percent) bases, to a total of $145.2 billion daily.

NEX Markets, the electronic markets subsidiary of NEX Group, has published its latest trading volumes report for the month ending July 2017. During the month of July, the company reported a decrease in spot FX figures, ultimately paring last months tepid gains as the institutional space has lagged during the summer months,

The London Summit 2017 is coming, get involved!

The volumes show a slight monthly retreat, in tandem with other institutional exchanges. Despite higher Volatility in July, big money has thus far abstained from entering the market, even as American political scandals and monetary policy continue to make headlines.

In particular, July 2017 marked a figure of $81.6 billion daily for spot foreign Exchange trading, down 2.0 percent month-over-month from $83.3 billion daily in June 2017. Over a yearly basis however, this figure was inverted, growing by nearly 1.0 percent year-over-year from $80.4 billion in spot FX volume from July 2016.

A closer analysis corroborates recent trends across the FX market during the summer months – now into July – that have been consistently slightly lower. The seasonal slowdown this year has come in spite of the increasing volatility of the US dollar index, which was this past month triggered by the latest batch of US political turmoil – this saw the USD fall to multi year lows vs. several majors.

NEX Group’s electronic trading subsidiary also saw a decline in trading of US Treasuries on month-on-month (-6.0 percent) and year-on-year (-13.0 percent) bases, to a total of $145.2 billion daily.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
Head of Commercial Content
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