The forex spot volume of the European New Exchange Technology (Euronext) declined -11.8% to $449,861 billion in July 2022.

The ADV in this category came in at $21,422 billion last month compared to June 2022's $23.2 billion.

This is a 7.6% decline in ADV month-over-month (MoM).

These details are based on analysis of the Euronext July Monthly Volume released on Monday by the pan-European derivatives exchange.

In June, Euronext FX with $510,089 billion in spot volume returned a flat demand in forex. The market saw a marginal increase of 0.2% in the month, and this was in line with falls in forex volumes seen across the industry.

While Euronext’s spot FX volume slid month-over-month (MoM) in July, it saw a 12.6% increase year-over-year (YoY). In July 2021, Euronex posted $399,634 billion in spot forex volume.

Also, the ADV on a YoY basis climbed 17.9% from the $18,165 billion recorded in June last year.

Additionally, on a year-to-date basis, Euronext FX’s spot volume surged 20.1% to $3.6 trillion. In the same period last year, the figure was $2.96 trillion.

In the same measure, forex spot ADV climbed 20.1% YTD to $23.8 billion. In the same period last year, the exchange posted $19.74 billion.

FX Spot Industry Performance in July

In July, Cboe FX Markets, an institutional venue for spot foreign exchange trading, reported an 8% monthly dip in its trading volumes.

The total volume in the month hit $801.9 billion, dropping from the previous month’s $873.6 billion. Moreover, its ADV dropped from $39.7 billion to $38.18 billion.

Finance Magnates reports that the dip is likely the effect of the summer holidays on the markets.

However, on a YoY basis, Cboe FX Markets’ spot forex volume strengthened by 11.4% from July 2021’s $719 billion.

Also, the average daily notional value (ADNV) of spot forex traded on the Chicago Mercantile Exchange (CME) Group’s Electronic Broking Services (EBS) dropped -1.4 to $64.5 billion from June’s $65.4 billion.

Additionally, Paul Houston, the Global Head of FX at CME Group in data shared with Finance Magnates, pointed out that total forex volumes on CME FX Link, a spot forex service at CME Globex, jumped 46% YoY in July 2022.

The ADV at this spot forex service also surged 75% YTD compared to the same period in 2021.

Meanwhile, FXSpotStream, a provider of multibank FX aggregation service for spot FX trading, posted $64 billion in ADV in July. This represents a margin 0.31% MoM increase and a greater 33.66% jump YoY.

FXSpotStream said July was its second best month in its operational history as the volume failed to beat the $70.1 billion posted in March.

“This YoY growth is a strong indicator of the continued market share gains as FXSpotStream continues to grow at the fastest rate of any FX service reporting volumes,” FXSpotStream stated.

The forex spot volume of the European New Exchange Technology (Euronext) declined -11.8% to $449,861 billion in July 2022.

The ADV in this category came in at $21,422 billion last month compared to June 2022's $23.2 billion.

This is a 7.6% decline in ADV month-over-month (MoM).

These details are based on analysis of the Euronext July Monthly Volume released on Monday by the pan-European derivatives exchange.

In June, Euronext FX with $510,089 billion in spot volume returned a flat demand in forex. The market saw a marginal increase of 0.2% in the month, and this was in line with falls in forex volumes seen across the industry.

While Euronext’s spot FX volume slid month-over-month (MoM) in July, it saw a 12.6% increase year-over-year (YoY). In July 2021, Euronex posted $399,634 billion in spot forex volume.

Also, the ADV on a YoY basis climbed 17.9% from the $18,165 billion recorded in June last year.

Additionally, on a year-to-date basis, Euronext FX’s spot volume surged 20.1% to $3.6 trillion. In the same period last year, the figure was $2.96 trillion.

In the same measure, forex spot ADV climbed 20.1% YTD to $23.8 billion. In the same period last year, the exchange posted $19.74 billion.

FX Spot Industry Performance in July

In July, Cboe FX Markets, an institutional venue for spot foreign exchange trading, reported an 8% monthly dip in its trading volumes.

The total volume in the month hit $801.9 billion, dropping from the previous month’s $873.6 billion. Moreover, its ADV dropped from $39.7 billion to $38.18 billion.

Finance Magnates reports that the dip is likely the effect of the summer holidays on the markets.

However, on a YoY basis, Cboe FX Markets’ spot forex volume strengthened by 11.4% from July 2021’s $719 billion.

Also, the average daily notional value (ADNV) of spot forex traded on the Chicago Mercantile Exchange (CME) Group’s Electronic Broking Services (EBS) dropped -1.4 to $64.5 billion from June’s $65.4 billion.

Additionally, Paul Houston, the Global Head of FX at CME Group in data shared with Finance Magnates, pointed out that total forex volumes on CME FX Link, a spot forex service at CME Globex, jumped 46% YoY in July 2022.

The ADV at this spot forex service also surged 75% YTD compared to the same period in 2021.

Meanwhile, FXSpotStream, a provider of multibank FX aggregation service for spot FX trading, posted $64 billion in ADV in July. This represents a margin 0.31% MoM increase and a greater 33.66% jump YoY.

FXSpotStream said July was its second best month in its operational history as the volume failed to beat the $70.1 billion posted in March.

“This YoY growth is a strong indicator of the continued market share gains as FXSpotStream continues to grow at the fastest rate of any FX service reporting volumes,” FXSpotStream stated.