NEX Group Trading Volumes Slightly Down in December

While Spot FX and US Treasuries saw a slight downtick in volume, the US and European Repo units each recorded

NEX Markets released its latest monthly volume data. During the month of December, average daily trading volume (ADTV) of the Spot FX unit reached $65.5 billion, a setback of 21% from November’s results, when the unit experienced an average of $82.8 billion per day.

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The twelve-month period ending December 31 appears to have fared much better, despite a minor decline of 3% to $82.7 billion from 2016’s daily average of $85.5 billion.

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Meanwhile, US Treasuries continued the downward trend seen in the Spot FX unit. December’s numbers fell 2% to $148.5 billion, slightly dipping from November when trading averaged $152.2 billion each day. The yearly figures illustrate a similar trend, with 2017’s numbers being released at $160.7 billion, down 4% from 2016’s daily average volume of $167.2 billion.

Nex’s ADTV data is not all on the downtrend. Both the US and European Repo units showed positively in December, recording increases from November of 11% and 23%, respectively. During 2016, the daily volume of the US Repo unit averaged $228.8 billion, up 5% from 2016’s daily average. The most dramatic rise was on the European Repo market, with a boost of 27% to $225.8 billion per day, compared with $177.3 billion in 2016.

Advanced analytics service

NEX Markets is the electronic markets subsidiary of NEX Group, and is responsible for publishing the official volume reports of the company on a monthly basis. In addition to its handling of volume reports, the company introduced NEX Quant Analytics back in September. According to the company website, the “advanced analytics service gives EBS clients greater insight into their trading performance.” In addition, it provides “access to real-time, historical and end-of-day analysis for a clearer picture of the FX trading environment.”

As 2018 gets underway, it will be interesting to see the direction in which investors choose to allocate their funds. As a result of the cryptocurrency craze, as well as rising global interest rates, it is possible that this year brings about changes in investment preferences.

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