FastMatch Trading Volumes Buoyed in Final Week of April by French Election

The fastest growing Electronic Communications Network (ECN) Electronic Communications Network (ECN) Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Read this Term) for foreign exchange trading for the past year, Fastmatch, reported on the firm's trading volumes in April. The company is showing a solid performance thanks to a strong final week of the month of April, in the aftermath of the first round of the French presidential election.

Total trading volumes transacted via the company’s facilities in April amounted to $380.7 billion, which is lower by 13.7 percent when compared to the month of March and higher by 67.6 percent when compared to a year ago,

The average daily volumes for the month of April totalled $19 billion, which is just a notch lower than the $19.2 billion daily registered in March. The number is higher by 76 percent when compared to April 2016.

A chart of daily trading volumes shows that Fastmatch got a significant boost in the aftermath of the French election. While the daily average for the first three weeks of the month came to about $15.6 billion daily, the figure for the final week of April was 29.4 billion.

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