Cboe Reports a Jump in June’s FX Volume

The average daily volume (ADV) reached $33.3 billion last month.

Cboe FX Markets saw a jump in the total FX volume and the average daily volume (ADV) during June 2021. According to the latest numbers posted by the exchange, the total FX volume reached $734 billion last month, which is up by more than 7% compared to $683 billion in May 2021.

The average daily volume touched $33.3 billion in June, compared to $32.5 billion in May 2021. June had a total of 22 trading days while May only had 21 trading days. Since April 2021, the total trading volume and the average daily volume of the exchange are on the rise.

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Cboe FX Markets started this year with a total monthly volume of approximately $700 billion and ADV of $35 billion in January. The exchange reported a jump in numbers during February and March. However, Cboe FX Markets saw a dip in April’s FX numbers. Since the drop in April of this year, FX activity on the exchange has increased gradually.

Acquisition of Chi-X Asia Pacific

In addition to the release of the latest trading volumes, Cboe Global Markets announced the completion of the acquisition of Chi-X Asia Pacific Holdings, Ltd. (Chi-X Asia Pacific), an alternative market operator and provider of innovative market solutions. Through the completion of the acquisition, the exchange can now establish a significant presence in the Asia Pacific region, including Japan and Australia.

Commenting on the acquisition, Ed Tilly, Chairman, President and Chief Executive Officer at Cboe Global Markets, said: “Welcoming Chi-X Asia Pacific to the Cboe network represents an exciting milestone in Cboe’s growth story and another important step in our vision to become a truly global marketplace for our customers. The team at Chi-X Asia Pacific shares Cboe’s dedication to defining markets through innovative products, services and trading solutions. We look forward to the opportunities ahead as we welcome the Chi-X team to the Cboe community and work together to accelerate Chi-X Asia Pacific’s further growth and extend Cboe’s global footprint.”

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