FX Volumes at Euronext, Cboe a Mixed Bag as Volatility Normalizes
- Cboe FX disclosed a trading volume of $658 billion, compared with a total of $409 billion changed hands at Euronext FX
The FX trading venue of Euronext, which operates the biggest pan-European exchange, has reported trading volumes for May 2020, which took another step back off records it hit in March, following an influence of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term south of the border. Activity at major institutional ECNs has been consolidating over the past two months as intense chaos triggered by Covid-19 lost some steam.
Euronext FX, formerly FastMatch, is reporting a total of $409 billion that has changed hands the previous month, representing a -8 percent decline from the $446 billion reported the previous month and $814 billion in March.
In addition, the exchange’s institutional FX trading venue saw its average daily trading volumes amounting to $19.5 billion in May 2020, almost unchanged month-over-month from $20.2 billion in the month prior.
Taking a year-over-year perspective, Euronext’s total currency turnover was up three percent from $397 billion in May 2019, while its ADV figure jumped by 13 percentage compared to $17.2 billion a year ago.
Cboe reports rebound
On the other side of the Atlantic, Cboe’s institutional spot FX platform reported its trading volumes for the month ending May 2020, which saw a slight increase from April’s metrics.
During May, Cboe FX disclosed a total trading volume of $658 billion, up 2.3 percent on a month-over-month basis from $643 trillion in April 2020. This figure was even lower by 13 percent year-over-year when weighed against $760 billion in May 2019.
In addition, the exchange’s institutional FX trading venue saw its average daily trading volumes amounting to $31.36 billion in May 2020, up seven percent month-over-month from $29.2 billion in April 2020.
On a year-over-year basis, the ADV numbers released by Cboe FX, formerly Hotspot, illustrated weaker performance, falling by six percent when weighed against $33.0 billion a year earlier.
Cboe FX turnover crossed the $1 trillion milestone in March amid Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term-driven volatility that has shaken awake previously slumbering FX markets.
The FX trading venue of Euronext, which operates the biggest pan-European exchange, has reported trading volumes for May 2020, which took another step back off records it hit in March, following an influence of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term south of the border. Activity at major institutional ECNs has been consolidating over the past two months as intense chaos triggered by Covid-19 lost some steam.
Euronext FX, formerly FastMatch, is reporting a total of $409 billion that has changed hands the previous month, representing a -8 percent decline from the $446 billion reported the previous month and $814 billion in March.
In addition, the exchange’s institutional FX trading venue saw its average daily trading volumes amounting to $19.5 billion in May 2020, almost unchanged month-over-month from $20.2 billion in the month prior.
Taking a year-over-year perspective, Euronext’s total currency turnover was up three percent from $397 billion in May 2019, while its ADV figure jumped by 13 percentage compared to $17.2 billion a year ago.
Cboe reports rebound
On the other side of the Atlantic, Cboe’s institutional spot FX platform reported its trading volumes for the month ending May 2020, which saw a slight increase from April’s metrics.
During May, Cboe FX disclosed a total trading volume of $658 billion, up 2.3 percent on a month-over-month basis from $643 trillion in April 2020. This figure was even lower by 13 percent year-over-year when weighed against $760 billion in May 2019.
In addition, the exchange’s institutional FX trading venue saw its average daily trading volumes amounting to $31.36 billion in May 2020, up seven percent month-over-month from $29.2 billion in April 2020.
On a year-over-year basis, the ADV numbers released by Cboe FX, formerly Hotspot, illustrated weaker performance, falling by six percent when weighed against $33.0 billion a year earlier.
Cboe FX turnover crossed the $1 trillion milestone in March amid Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term-driven volatility that has shaken awake previously slumbering FX markets.