Euronext FX Volumes Rise in January, Muted Change Seen at Integral

Wednesday, 05/02/2020 | 17:55 GMT by Aziz Abdel-Qader
  • In 2019, the average daily volume on the spot foreign exchange market of Euronext FX stood at $18.2 billion.
Euronext FX Volumes Rise in January, Muted Change Seen at Integral
Bloomberg

Euronext, the first pan-European exchange, today announced its trading volumes and metrics for January 2020, which incurred a year-over-year decline, but managed to secure some growth over December’s metrics.

Euronext FX, formerly FastMatch, is reporting a total of $398 billion that has changed hands during January 2020, representing a 19 percent increase from the $333 billion reported back in December 2019. Year-over-year, the daily foreign exchange volumes had dropped 9 percent from more than $441 billion the institutional venue registered in the same month a year earlier.

Meanwhile, the average daily volume on the spot foreign exchange market of Euronext FX stood at $17.3 billion, up nine percent compared to December’s $15.85 billion. On a yearly timetable, the figure is down 13.75 percent from $20.04 billion reported back in January 2020.

For the year 2019, the average daily volume at Euronext FX was reported at $18,282 million, down 9.2 percent compared to the year 2018.

Integral’s volumes rise YoY

In a similar vein, institutional Trading Platform provider Integral reported its monthly ‎trading volumes for January, which improved slightly from a year earlier. However, the changes in volumes were muted compared to 2019, aside from a small drop month-over-month but that may have been due to lower Volatility across certain currencies in the reported month.

Integral said the average daily volumes (ADV) across its platforms totaled $35.5 billion in January 2020, which was lower by 2.2 percent over a monthly timeframe, compared to $36.3 billion reported back in December.

However, January volumes were above those reached in the same month a year ago when the company integrated a slew of new buy-side systems into Integral’s OCX ECN, encouraging more trading across all transaction types, including spot, forwards, and swaps.

Specifically, the latest figures reflect a 2.3 percent decrease when weighed against the metrics of January 2019.

Euronext, the first pan-European exchange, today announced its trading volumes and metrics for January 2020, which incurred a year-over-year decline, but managed to secure some growth over December’s metrics.

Euronext FX, formerly FastMatch, is reporting a total of $398 billion that has changed hands during January 2020, representing a 19 percent increase from the $333 billion reported back in December 2019. Year-over-year, the daily foreign exchange volumes had dropped 9 percent from more than $441 billion the institutional venue registered in the same month a year earlier.

Meanwhile, the average daily volume on the spot foreign exchange market of Euronext FX stood at $17.3 billion, up nine percent compared to December’s $15.85 billion. On a yearly timetable, the figure is down 13.75 percent from $20.04 billion reported back in January 2020.

For the year 2019, the average daily volume at Euronext FX was reported at $18,282 million, down 9.2 percent compared to the year 2018.

Integral’s volumes rise YoY

In a similar vein, institutional Trading Platform provider Integral reported its monthly ‎trading volumes for January, which improved slightly from a year earlier. However, the changes in volumes were muted compared to 2019, aside from a small drop month-over-month but that may have been due to lower Volatility across certain currencies in the reported month.

Integral said the average daily volumes (ADV) across its platforms totaled $35.5 billion in January 2020, which was lower by 2.2 percent over a monthly timeframe, compared to $36.3 billion reported back in December.

However, January volumes were above those reached in the same month a year ago when the company integrated a slew of new buy-side systems into Integral’s OCX ECN, encouraging more trading across all transaction types, including spot, forwards, and swaps.

Specifically, the latest figures reflect a 2.3 percent decrease when weighed against the metrics of January 2019.

About the Author: Aziz Abdel-Qader
Aziz Abdel-Qader
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About the Author: Aziz Abdel-Qader
  • 4984 Articles
  • 31 Followers

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