NEX Markets’ EBS Volumes Soar in May, Snap Recent Weakness

FX and U.S. Treasury trading volumes picked up in May 2018 as the steady ‎‎appreciation in US dollar coincided with the continued uptick of 10-year U.S. ‎‎yield which reached 3.12 percent, its highest level in nearly seven years.

Daily volume in spot 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 on NEX’s EBS platform, one of the ‎‎largest FX institutional trading platforms, averaged $101.3 billion last month, the highest since February and ‎‎up 25 percent from a year earlier. On a month-over-month basis, the figure ‎‎is also 21 percent higher from $83.4 billion daily reported during April 2018, ‎‎data released by NEX Group plc showed on Monday.‎

The weak volumes in April corroborated a recent downtrend in ‎volumes ‎across the industry, snapping momentum seen in ‎Q1 of this year.‎

NEX is a financial technology company that ‎matches buyers and sellers of ‎bonds, Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term, and currencies.‎ Formerly called ICAP, NEX Group rebranded ‎as an electronic trading, post-trade, and fintech company after Tullett Prebon ‎bought its voice trading ‎business for £1.3 billion ($1.6 billion) ‎in 2016.‎

Earlier in March, the UK-based Fintech company received a proposal from CME Group to acquire its shares at an indicative cash price of £10 ($14) per share, which would value NEX at ‎£‎3.80 billion ($5.35 billion).

Brokers and ECNs have snapped April’s weak ‎performance and built on ‎its ‎robust performance in 2018, ‎with trading volumes setting fresh records.‎

Towards the end of May, rising yields on US Treasuries led to a stronger ‎‎US dollar, and an increase in volumes as strong inflation and employment ‎‎data boosted odds of a third additional rate rise by the Federal Reserve.‎

Separately, the average daily volume of US repurchase agreements (repo) ‎‎was $229 billion in April, down 2 percent from March but up 6 percent ‎from a ‎year earlier.‎

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