NEX Markets EBS Reports FX Trading Volumes in Line with Industry Trends

Thursday, 02/11/2017 | 15:42 GMT by Victor Golovtchenko
  • All major ECNs registered small month-on-month declines in average daily trading volumes.
NEX Markets EBS Reports FX Trading Volumes in Line with Industry Trends
NEX

The monthly trading volumes report from NEX Markets has been released, showing consistency amongst major electronic trading venues for foreign exchange. With the European Central Bank’s dovish message around the end of the month, market participants have become more active. Register now to the London Summit 2017, Europe’s largest gathering of top-tier retail brokers and institutional FX investors Spot FX trading via NEX Markets’ EBS electronic Trading Platform amounted to $80.6 billion daily. The figure is 17 percent lower month-on-month and 5 percent higher on a year-on-year basis. The number falls in line with broader industry trends. Throughout the month of October, trading started slowly, picking up materially only after the key risk event of the month, the European Central Bank’s monetary policy meeting. The press conference in the aftermath of the event yielded substantial Volatility prompting traders to increases their exposure to the currency markets. Japanese yen trading also picked up somewhat as the re-election of Prime Minister Shinzo Abe prompted speculation for a more protracted period of pro rates in Japan.

Fixed Income Markets

Trading of US Treasuries via EBS Markets was more or less flat for the month of October at $160.1 billion per day. The number was 2 percent higher when compared to the same month last year. US Repo trading was higher by 5 percent both on a monthly and yearly basis, netting to $247.5 billion daily. European repo changes were negligible month-on-month with the total figure of $244.5 billion representing a 2 percent decline. The number, however, was higher by 30 percent when compared to last year. This figure represents the fastest growing segment for NEX Markets during the year, registering a 25 percent increase. On a 12 month average basis, growth in FX was 5 percent, while US Treasuries and US Repos rocked higher by 3 and 4 percent respectively.

The monthly trading volumes report from NEX Markets has been released, showing consistency amongst major electronic trading venues for foreign exchange. With the European Central Bank’s dovish message around the end of the month, market participants have become more active. Register now to the London Summit 2017, Europe’s largest gathering of top-tier retail brokers and institutional FX investors Spot FX trading via NEX Markets’ EBS electronic Trading Platform amounted to $80.6 billion daily. The figure is 17 percent lower month-on-month and 5 percent higher on a year-on-year basis. The number falls in line with broader industry trends. Throughout the month of October, trading started slowly, picking up materially only after the key risk event of the month, the European Central Bank’s monetary policy meeting. The press conference in the aftermath of the event yielded substantial Volatility prompting traders to increases their exposure to the currency markets. Japanese yen trading also picked up somewhat as the re-election of Prime Minister Shinzo Abe prompted speculation for a more protracted period of pro rates in Japan.

Fixed Income Markets

Trading of US Treasuries via EBS Markets was more or less flat for the month of October at $160.1 billion per day. The number was 2 percent higher when compared to the same month last year. US Repo trading was higher by 5 percent both on a monthly and yearly basis, netting to $247.5 billion daily. European repo changes were negligible month-on-month with the total figure of $244.5 billion representing a 2 percent decline. The number, however, was higher by 30 percent when compared to last year. This figure represents the fastest growing segment for NEX Markets during the year, registering a 25 percent increase. On a 12 month average basis, growth in FX was 5 percent, while US Treasuries and US Repos rocked higher by 3 and 4 percent respectively.

About the Author: Victor Golovtchenko
Victor Golovtchenko
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About the Author: Victor Golovtchenko
Victor Golovtchenko: Key voice in crypto and FX, providing cutting-edge market analysis.
  • 3424 Articles
  • 27 Followers

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