Institutional spot FX volumes increased across Asia, the US, and Europe.
Notable growth was seen in all important platforms, including Click 365, Cboe, Euronext FX, and 360T.
Last month, the foreign exchange (Forex or FX) market saw no shortage of volatility, particularly in the Japanese yen and the declining US dollar. As a result, the average daily volumes (ADV) of the largest institutional players in the industry recorded increases both monthly and annually.
Institutional Spot FX
Volumes Up in Asia and the US
At the
Japanese platform Click 365, owned by Tokyo Financial Exchange (TFX), currency
volumes in July reached 2,747,854 contracts, increasing by 19% compared to June
and 6.2% compared to the same period last year. The average daily volumes stood
at 119,474.
The highest
activity, similar to previous months, was observed on the USD/JPY pair,
generating an ADV of 33,496 contracts, which was a 56% jump compared to June,
but a 15% decrease compared to July 2023.
It's also
worth noting that the second most popular pair became TRY/JPY with an ADV of
26,431 contracts and a jump of over 90% both on a monthly and annual basis.
In the US
market, FX volumes also grew. Cboe spot volumes in July were $1 trillion,
rising from $950 billion reported a month earlier. Due to a higher number of
trading days, the ADV indicator declined. In June, trading occurred for 20
days, and in July, it occurred for 23, resulting in an average daily volume of $44.5 billion
compared to $47.5 billion from the previous month.
Europe Also on the Rise
How does
the situation look in the Old Continent? For Euronext FX, total volumes grew to
$583 billion, and the ADV indicator was $25 billion. This result is better than June's when Forex's volume stood at $558 billion. However, similar to Cboe, a
higher number of trading days caused the ADV to slide from over $28 billion.
On the
German stock exchange-owned 360T, July FX volumes exceeded $707 billion, rising
from $634 billion reported a month earlier. ADV also recorded a modest jump,
from $30.2 billion to $30.8 billion in July.
It's worth
noting that these results are higher than last year. At that time, 360T's ADV was $29.6 billion, while CBOE's was $43.9 billion.
Last month, the foreign exchange (Forex or FX) market saw no shortage of volatility, particularly in the Japanese yen and the declining US dollar. As a result, the average daily volumes (ADV) of the largest institutional players in the industry recorded increases both monthly and annually.
Institutional Spot FX
Volumes Up in Asia and the US
At the
Japanese platform Click 365, owned by Tokyo Financial Exchange (TFX), currency
volumes in July reached 2,747,854 contracts, increasing by 19% compared to June
and 6.2% compared to the same period last year. The average daily volumes stood
at 119,474.
The highest
activity, similar to previous months, was observed on the USD/JPY pair,
generating an ADV of 33,496 contracts, which was a 56% jump compared to June,
but a 15% decrease compared to July 2023.
It's also
worth noting that the second most popular pair became TRY/JPY with an ADV of
26,431 contracts and a jump of over 90% both on a monthly and annual basis.
In the US
market, FX volumes also grew. Cboe spot volumes in July were $1 trillion,
rising from $950 billion reported a month earlier. Due to a higher number of
trading days, the ADV indicator declined. In June, trading occurred for 20
days, and in July, it occurred for 23, resulting in an average daily volume of $44.5 billion
compared to $47.5 billion from the previous month.
Europe Also on the Rise
How does
the situation look in the Old Continent? For Euronext FX, total volumes grew to
$583 billion, and the ADV indicator was $25 billion. This result is better than June's when Forex's volume stood at $558 billion. However, similar to Cboe, a
higher number of trading days caused the ADV to slide from over $28 billion.
On the
German stock exchange-owned 360T, July FX volumes exceeded $707 billion, rising
from $634 billion reported a month earlier. ADV also recorded a modest jump,
from $30.2 billion to $30.8 billion in July.
It's worth
noting that these results are higher than last year. At that time, 360T's ADV was $29.6 billion, while CBOE's was $43.9 billion.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Virtu Financial Partners with Tokyo Stock Exchange to Enhance ETF Liquidity
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
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As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
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Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
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Ready to Scale? Regtech in Australia, A Global View | FMPS:24
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
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In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
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Resilience in Trading: From Third Class To World Class | FMPS:24
Resilience in Trading: From Third Class To World Class | FMPS:24
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
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Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
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IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
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For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
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