October 2024 saw significant dollar strength and euro weakness, yet institutional forex trading volumes declined.
Despite increased market volatility due to upcoming US elections, trading activity hit multi-month lows.
Why the USD price is going down?
October was
one of the strongest months for the dollar (and weakest for the euro) in over a
year. Despite above-average volatility driven by the upcoming U.S. elections
and interest rate expectations, spot foreign exchange (Forex) volumes showed no
increased activity from institutional investors. In some cases, trading volumes
fell to nearly five-month lows.
Dollar-Dominated October
Failed to Boost FX Volumes
Click 365,
the currency trading platform on the Tokyo Financial Exchange (TFX), recorded
another month of declining trading volumes, shrinking 12% compared to September
to 1.7 million contracts. Year-over-year, the decline was almost 17.5%, with
average daily volume (ADV) at 74,200 contracts.
Source: Click 365
The
steepest month-over-month declines were seen in trading on the popular USD/JPY
pair, where depreciation reached 29.5%, with trading volume shrinking to
545,900 contracts.
ADV
depreciation was also visible in the U.S. market and spot currency trading on
the Cboe exchange. The indicator reached $42.8 billion, compared to $46.87
billion in September. However, October had two more trading days (23 vs. 21).
As a result, total volume was slightly higher at $984.9 billion, though these
are the lowest values since June, well below August's near-record $1.1 trillion.
For
FXSpotStream, October brought a notable slowdown. Total ADV was $93.1 billion,
the lowest since May 2024, with spot ADV at $66.8 billion, also the lowest in
nearly six months.
Source: FXSpotStream
Falling Euro Shows No
Impact on FX Activity
In Europe,
German stock exchange-owned 360T recorded another month of volume decline in
October, sliding to $657.7 billion from $661 billion reported a month earlier.
ADV consequently shrank to $28.6 billion, compared to $31.5 billion reported in
September.
As for
Euronext FX's Fastmatch, there was a slight rebound after a very weak
September. Total volumes bounced to $602 billion after falling to $579 billion
in the previous month. However, more trading days meant ADV performed worse,
sliding from $28 billion to $26.5 billion.
Compared to
last year's results, the values are significantly better. Euronext FX reported a total volume of just under $508 billion in October 2023, while 360T reported
$586 billion.
The EUR/USD
currency pair declined by 2.3% in October, marking its most significant drop
since September 2023. Concurrently, the U.S. dollar rebounded from multi-month
lows, experiencing one of its strongest rallies against a weighted basket of
currencies since September 2022.
October was
one of the strongest months for the dollar (and weakest for the euro) in over a
year. Despite above-average volatility driven by the upcoming U.S. elections
and interest rate expectations, spot foreign exchange (Forex) volumes showed no
increased activity from institutional investors. In some cases, trading volumes
fell to nearly five-month lows.
Dollar-Dominated October
Failed to Boost FX Volumes
Click 365,
the currency trading platform on the Tokyo Financial Exchange (TFX), recorded
another month of declining trading volumes, shrinking 12% compared to September
to 1.7 million contracts. Year-over-year, the decline was almost 17.5%, with
average daily volume (ADV) at 74,200 contracts.
Source: Click 365
The
steepest month-over-month declines were seen in trading on the popular USD/JPY
pair, where depreciation reached 29.5%, with trading volume shrinking to
545,900 contracts.
ADV
depreciation was also visible in the U.S. market and spot currency trading on
the Cboe exchange. The indicator reached $42.8 billion, compared to $46.87
billion in September. However, October had two more trading days (23 vs. 21).
As a result, total volume was slightly higher at $984.9 billion, though these
are the lowest values since June, well below August's near-record $1.1 trillion.
For
FXSpotStream, October brought a notable slowdown. Total ADV was $93.1 billion,
the lowest since May 2024, with spot ADV at $66.8 billion, also the lowest in
nearly six months.
Source: FXSpotStream
Falling Euro Shows No
Impact on FX Activity
In Europe,
German stock exchange-owned 360T recorded another month of volume decline in
October, sliding to $657.7 billion from $661 billion reported a month earlier.
ADV consequently shrank to $28.6 billion, compared to $31.5 billion reported in
September.
As for
Euronext FX's Fastmatch, there was a slight rebound after a very weak
September. Total volumes bounced to $602 billion after falling to $579 billion
in the previous month. However, more trading days meant ADV performed worse,
sliding from $28 billion to $26.5 billion.
Compared to
last year's results, the values are significantly better. Euronext FX reported a total volume of just under $508 billion in October 2023, while 360T reported
$586 billion.
The EUR/USD
currency pair declined by 2.3% in October, marking its most significant drop
since September 2023. Concurrently, the U.S. dollar rebounded from multi-month
lows, experiencing one of its strongest rallies against a weighted basket of
currencies since September 2022.
Damian Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia.
His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates’ quarterly industry benchmarking reports. Damian’s reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch.
Education:
MA in Finance and Accounting, Cracow University of Economics
Cboe Files SEC Proposal for 24x5 Trading on EDGX: Also Plans Partial-Payout Prediction Markets
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
