Euronext FX’s Spot Volume Drops -7% to $1.4 Trillion in Q3 22

The volume of spot forex traded on Euronext FX dropped -7% quarter-over-quarter (QoQ) to $1.44 trillion at the end of the third quarter of 2022, when compared to the $1.54 trillion generated during the previous quarter.

In addition, the average daily volume (ADV) dropped -8% to $21.74 billion from last quarter’s $23.64 billion.

Euronext disclosed these figures in its September 2022 monthly volumes released on Friday.

The total volume on Euronext FX jumped 17.8% month-over-month (MoM) to approximately $533 billion in September and 30.6% year-over-year.

When compared to the third quarter of 2021, Euronext FX’s total spot volume grew 24.2% QoQ from $1.16 trillion.

Additionally, the spot forex trading venue’s ADV improved 23.1% MoM from $19.7 billion in August to $24.2 billion in September.

Euronext FX, previously FastMatch, is the European New Exchange Technology’s (Euronext) electronic communication network for forex trading.

Quarterly Output Comparison

During the first quarter of the year, Euronext FX’s volume grew 23% to $1.57 trillion from the fourth quarter of 2021.

On top of that, the ADV jumped 27% to $24.5 billion from the fourth quarter of 2021’s $19.3 billion.

Compared to the first quarter of 2021, Q1 2022’s volume represents a 16.2% growth in total volume.

During the second quarter of the year, the trading venue’s spot volume dropped -2.1% to $1.54 trillion from Q1 2022’s figures.

Moreover, the ADV dropped -4% to $23.64 billion from Q1 2022’s daily average.

But, when compared to Q1 2021, total volume during the second quarter of this year jumped 27% QoQ.

Further, the ADV of Q2 2022 climbed 27% to $23.6 billion, compared to Q2 2021.

Other Volumes

Meanwhile, on a year-to-date (YTD) basis, Euronext FX’s total volume increased 22.2% to $4.5 trillion compared to YTD 2021’s $3.72 trillion.

Similarly, the YTD ADV shot up 21.6% to $23.3 billion, which is up from $19.2 billion in the same period last year.

In the cash market, total transaction value increased 13% MoM to €226.8 billion from 65,916,154 transactions in September.

Furthermore, the daily average of monthly transactions increased 19% MoM to €10.3 billion from an average of 2,996,189 transactions per day.