Euronext FX Volumes See Mild Drop in December as Christmas Weighs

Pan-European exchange, Euronext has reported an eight percent drop in the average daily volume on its spot foreign exchange market. The ADV figure stood at $19.8 billion in December 2020, which is down from November’s $21.5 billion.

Taking a year-over-year perspective, Euronext’s currency turnover was higher by 24 percent from $16.0 billion reported back in December 2019.

In terms of its aggregated monthly turnover, Euronext FX reported $437 billion, which is down -3.4 percent from $452 billion that changed hands in the previous month.

The average trading volume in 2019 was below the $20 billion mark, but the volume has jumped to record levels this year due to frenzied buying and selling activities. Trading has been driven by investor fears that despite the new vaccines, Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term will continue to put a damper on the world economy.

Euronext Discontinues FX Tape Streaming Service

Euronext has discontinued its FX Tape service, which provides a central reference point for prices of spot FX transactions, as Finance Magnates reported last month.

The termination occurred around 31 December 2020 and, as a consequence, the FX Tape volume chart was removed from the Euronext FX website.

Initially launched three years ago with FastMatch, Euronext FX Tape is modelled on similar projects for other asset classes such as equities, and it consists of ECNs, banks and other financial institutions engaged in the FX market to provide a last-sale data feed with price, size and timestamps. The idea itself makes sense due to the decentralized and international nature of the FX markets and the lack of a single regulatory authority sitting above it.

Euronext operates bourses in Paris, Amsterdam, Brussels, London, Lisbon and Dublin. The group had experienced technical glitches in October, which froze all transactions in Amsterdam, Brussels, Lisbon and Paris for more than three hours when much of the key trading activity happens.

The glitches were the latest in a string of breakdowns that hit retail, institutional and exchange platforms this year, including a ‘technical problem’ and ‘failure’ with Deutsche Boerse’s Xetra and Eurex platforms. Furthermore, the New Zealand Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (NZX) was hit with DDoS attacks that took the NZX website down for nearly a week.