NEX Markets Report Shows Jump in June’s Spot FX Daily Traded Volumes

All markets on the platform, except the US Treasury, saw June’s volumes increase year-on-year.

NEX Markets, an electronic markets subsidiary of NEX Group, has published its trading volumes report for June 2018 today. The results show that the average daily trading volumes for the spot foreign exchange rose by 15 percent year-on-year in June.

So far this year, electronic trading platforms have seen strong performance in the currency markets. This streak is reflected in the results from NEX, which runs one of the largest FX trading platforms.

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According to the report, all markets available on the platform, except the US Treasury, saw June’s volumes increase year-on-year. The average daily volume in the spot fx increased to $95.8 billion, up from $83.3 billion from June 2017.

However, on a month-on-month basis, the results don’t look as promising. Looking at May this year, the average daily volume on the spot fx was $101.3 billion, which is 5 percent more than in June 2018.

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The US Treasury saw declines in the average volume across the board. June’s numbers came in at $156.5 billion, a 6 percent decline from June’s figures in 2017 of $166.6 billion, and a large 12 percent fall from May’s volumes.

US Repo volumes remained unchanged from May, coming in at $230.1 billion. This amount is only an increase of 2 percent from the same period last year.

European Repo Surge

However, European Repo saw an impressive 22 percent year-on-year increase in June. As of June 30, 2018, the average daily traded volume was €269.7 billion, up from June’s monthly value of €220.2 billion in 2017.

European Repo again led the group in terms of annual volumes. For the year ending June 30, 2018, the market had an average of €247.5 billion, a jump of 25 percent.

The US Repo and Spot fx also saw annual gains of 10 percent and 9 percent respectively, while annual US Treasury volumes remained flat with no change.

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