2020 continues to deliver good news for Cboe in terms of foreign exchange (forex) trading, with its institutional spot FX platform reporting its best monthly trading volume in March in its history.
Specifically, Cboe reported a total trading volume of $1.21 billion in March of 2020. This is the best monthly volume since at least January of 2010, which is as far back as the platform’s records appear to go.
The total trading volume was created across 22 trading days. When measuring March’s volume against the previous month, trading activity has increased by 46.6 percent. On a yearly comparison, trading volumes have risen by 49.4 percent.
Q1 2020 Cboe volumes rise
The total volume for the first quarter of 2020 came in at $2.8 billion, with an average daily volume of $43.3 million. As mentioned above, the first quarter of 2020 has been a good one for the platform, with volumes having grown by 41.9 percent from the previous period. It is also higher by 20.6 percent year-on-year.
The FBS CopyTrade Team Presents a New 'FBS CopyStar' ContestGo to article >>
Because of this, it is likely that many brokers, exchanges, and platforms will announce solid trading volumes for the month of March. How solid the figures will be, however, is yet to be seen.
Earlier today, the Tokyo Financial Exchange (TFX) released its monthly metrics, showcasing a significant uptick in trading for March. In particular, the exchange posted a total trading volume of FX Daily Futures contracts of 6,442,605 via Click 365. When comparing this against the previous month, trading volumes have more than doubled, soaring by 163.1 percent. On a yearly comparison, volumes have also achieved a significant increase of 141.5 percent in the month of March.