Cboe FX: ‎Trading Activity Slows Down in December, But Sets Volume ‎Record for Q4

Average daily volume (ADV) declined by ‎8.2 percent ‎on a month-over-‎month basis, amounting to $31.17 billion.

After a sustained period of high trading activity through the last four months, Cboe’s institutional spot FX platform witnessed a slowdown in December 2017. Average daily volume (ADV) declined by ‎8.2 percent ‎on a month-over-month basis, amounting to $31.17 billion in the month ago, compared to $34 billion in November 2017.

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On a year-over-year basis, the figure was higher by 29.2 percent when weighed against $24.1 billion in December 2016.‎

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Looking at its total volumes, Cboe FX inked a figure of $623.4 billion for December 2017, shedding 16.6 percent month-over-month from ‎$747.4 billion the previous month. However, these figures showed again a healthy uptick on a year-over-year basis, with December‎’s turnover rising 16.2 percent from $536.4 billion in December ‎2016.

As its parent company rebranded to Cboe Global Markets, now pronounced ‘See-bo’ instead of ‘C-B-O-E’, following its acquisition of Bats Global Markets, the exchange’s institutional FX trading venue Hotspot has become Cboe FX.

Despite slow trading activity in December‎, the last three months of 2017 helped Cboe FX ‎average a record $32.4 billion in Q4 2017, a growth of 11.7 percent from $29.0 billion in the third quarter, coupled with a 21.4 percent increase year-over-year.

According to recent data, EUR/USD contracts are responsible for around a quarter of Cboe FX‎’s turnover last month. Below you can see the December performance across key currency pairs.

Currency Pair Volume
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