With the U.S. dollar on the defensive, institutional clients’ trading has not been materially affected last month.
April was one of the worst months for the U.S. dollar across the board. With the euro, the Japanese yen, the British pound, the Canadian dollar and the antipodean currencies (Australian and New Zealand dollars), all rallying, Volatility on the markets has been stable when compared to previous months.
Looking at volume metrics reports that have been published by major ECNs however, we are hardly seeing volumes rebounding from a seasonally weak March (Easter Holidays). April was as benign as March (probably a touch more disappointing) despite the U.S. dollar’s weakness and the Japanese yen’s strength across the board.
Fastmatch
One of the ECNs that has been gaining impressively in recent months, Fastmatch, has reported a positive month in April in terms of ADV. The venue partially owned by FXCM has announced that ADV increased by 7 per cent when compared to March and by a massive 35 per cent when compared to last year, marking $10.8 billion per day.
Looking at the total numbers the trend is not materially different from the other ECNs in the industry, with the nominal trading volumes figure standing at $227.1 billion. This number is higher by 28.6 per cent when compared to the previous year but lower by 2.3 per cent when compared to the month of March.
Fastmatch has impressively rebounded from last year’s decline caused by the Swiss National Bank crisis that affected a number of the foreign Exchange industry’s market players. At the time one of the company’s parents FXCM had to negotiate a bailout from Leucadia National - a move that greatly affected trading volumes at Fastmatch.
A year later the firm looks to have completely recovered and has recently introduced some substantial changes to its offering reflecting the long term plans of the company to expand its market share amongst major ECNs.
GAIN Capital GTX
The volumes transacted across GAIN Capital’s GTX ECN have increased substantially in the first quarter of 2016 when compared to the final one of 2015. The move is mainly due to increased volatility across foreign exchange markets. Looking at the first month of the second quarter the figures are rather consistent.
The average daily volumes at the ECN ticked higher by 5.4 per cent month-on-month and by 2.6 per cent year-on-year to $7.8 billion. Looking at the nominal number for April, GAIN Capital’s GTX ECN trading volumes decreased when compared to a year ago and to March with a total of $163.8 billion, which is lower by 3.1 per cent month-on-month and by 2.5 per cent year-on-year.
After the inclusion of the broker’s swap dealer facility, which is an agency voice service that executes trades in all FX products however, the ADV for GTX increased by 8.8 per cent when compared to last month and was higher year-on-year by 1.8 per cent at $11.1 billion daily.
Hotspot
The electronic foreign exchange trading venue of BATS Global Markets, Hotspot, has had a similar month. Monthly ADV figures have notched a tiny increase by $100 million to total $25.6 million per day in April. Looking at a year-on-year comparison however the venue lost some market - the decline year on year amounted to 9.8 per cent.
The total amount of trading volumes transacted through Hotspot’s ECN in April totaled $537.4 billion, a figure that is lower by 8.3 per cent when compared to last month and by 14 per cent when compared to the same month last year.
BATS Global Markets’ ECN has registered a substantial rebound in the first quarter of 2016 when compared to the final quarter of 2015 in a similar way to the whole industry.
April was one of the worst months for the U.S. dollar across the board. With the euro, the Japanese yen, the British pound, the Canadian dollar and the antipodean currencies (Australian and New Zealand dollars), all rallying, Volatility on the markets has been stable when compared to previous months.
Looking at volume metrics reports that have been published by major ECNs however, we are hardly seeing volumes rebounding from a seasonally weak March (Easter Holidays). April was as benign as March (probably a touch more disappointing) despite the U.S. dollar’s weakness and the Japanese yen’s strength across the board.
Fastmatch
One of the ECNs that has been gaining impressively in recent months, Fastmatch, has reported a positive month in April in terms of ADV. The venue partially owned by FXCM has announced that ADV increased by 7 per cent when compared to March and by a massive 35 per cent when compared to last year, marking $10.8 billion per day.
Looking at the total numbers the trend is not materially different from the other ECNs in the industry, with the nominal trading volumes figure standing at $227.1 billion. This number is higher by 28.6 per cent when compared to the previous year but lower by 2.3 per cent when compared to the month of March.
Fastmatch has impressively rebounded from last year’s decline caused by the Swiss National Bank crisis that affected a number of the foreign Exchange industry’s market players. At the time one of the company’s parents FXCM had to negotiate a bailout from Leucadia National - a move that greatly affected trading volumes at Fastmatch.
A year later the firm looks to have completely recovered and has recently introduced some substantial changes to its offering reflecting the long term plans of the company to expand its market share amongst major ECNs.
GAIN Capital GTX
The volumes transacted across GAIN Capital’s GTX ECN have increased substantially in the first quarter of 2016 when compared to the final one of 2015. The move is mainly due to increased volatility across foreign exchange markets. Looking at the first month of the second quarter the figures are rather consistent.
The average daily volumes at the ECN ticked higher by 5.4 per cent month-on-month and by 2.6 per cent year-on-year to $7.8 billion. Looking at the nominal number for April, GAIN Capital’s GTX ECN trading volumes decreased when compared to a year ago and to March with a total of $163.8 billion, which is lower by 3.1 per cent month-on-month and by 2.5 per cent year-on-year.
After the inclusion of the broker’s swap dealer facility, which is an agency voice service that executes trades in all FX products however, the ADV for GTX increased by 8.8 per cent when compared to last month and was higher year-on-year by 1.8 per cent at $11.1 billion daily.
Hotspot
The electronic foreign exchange trading venue of BATS Global Markets, Hotspot, has had a similar month. Monthly ADV figures have notched a tiny increase by $100 million to total $25.6 million per day in April. Looking at a year-on-year comparison however the venue lost some market - the decline year on year amounted to 9.8 per cent.
The total amount of trading volumes transacted through Hotspot’s ECN in April totaled $537.4 billion, a figure that is lower by 8.3 per cent when compared to last month and by 14 per cent when compared to the same month last year.
BATS Global Markets’ ECN has registered a substantial rebound in the first quarter of 2016 when compared to the final quarter of 2015 in a similar way to the whole industry.
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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