Euronext FX Reports 20pct Drop in Monthly Trading Volumes
- The exchange’s institutional FX trading venue saw its average daily trading volumes amounting to $17.7 billion in July 2020.
The FX trading venue of Euronext, which operates the biggest pan-European exchange, has reported trading volumes for July 2020. The report showed strong metrics it set in the month prior. Euronext FX, formerly FastMatch, reported a total of $408 billion that has changed hands in the previous month, representing a 16 percent decline from the $484 billion reported back in June 2020.
In addition, the exchange’s institutional FX trading venue saw its average daily trading volumes amounting to $17.7 billion in July 2020. This is down 20 percent month-over-month from $22 billion in the previous month.
Taking a year-over-year perspective, Euronext’s total currency turnover was up five percent from $386 billion in July 2019 while its ADV figure advanced with the same percentage compared to $16.8 billion a year ago.
Following the boom in activity seen at major FX trading venues in March, the institutional ECNs were in a sea of red over the subsequent months. Almost all institutional platforms reported 50 percent drops in their monthly volumes.
In June, however, FX turnover rebounded with Euronext’s monthly figure approaching the $500 billion. That marks the second-best reading for Euronext FX’s volumes after the platform posted a record $839 billion in March 2020. At one point this month, Euronext had a record day of FX trading with 54.6 billion worth of currency trades changing hands on March 9. The trading at this time was driven by investor fears that the 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 may put a damper on the world economy.
Foreign Exchange Yields €6.6 Million in Revenues
Over a quarterly timetable, Euronext FX has reported an average daily volume on its spot foreign exchange market at $20.6 billion for the Q2 2020. This is up 18 percent compared to a year ago. The spot foreign exchange division yielded €6.6 million in revenues, which has also shown an increase of 21 percent from €5.4 million in Q2 2019. Spot FX trading generated €8 million of revenue in the first quarter of 2020.
Founded as a joint venture by the Swiss bank Credit Suisse and FX broker FXCM in 2012, Euronext FX (formerly FastMatch) provides an electronic currency Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term that is mostly for institutional clients such as banks, asset managers and hedge funds. The FX unit of the franco-dutch exchange operator operates an electronic communication network (ECN) for currency trading and has matching engines in New York, London, Tokyo, and Singapore.
The FX trading venue of Euronext, which operates the biggest pan-European exchange, has reported trading volumes for July 2020. The report showed strong metrics it set in the month prior. Euronext FX, formerly FastMatch, reported a total of $408 billion that has changed hands in the previous month, representing a 16 percent decline from the $484 billion reported back in June 2020.
In addition, the exchange’s institutional FX trading venue saw its average daily trading volumes amounting to $17.7 billion in July 2020. This is down 20 percent month-over-month from $22 billion in the previous month.
Taking a year-over-year perspective, Euronext’s total currency turnover was up five percent from $386 billion in July 2019 while its ADV figure advanced with the same percentage compared to $16.8 billion a year ago.
Following the boom in activity seen at major FX trading venues in March, the institutional ECNs were in a sea of red over the subsequent months. Almost all institutional platforms reported 50 percent drops in their monthly volumes.
In June, however, FX turnover rebounded with Euronext’s monthly figure approaching the $500 billion. That marks the second-best reading for Euronext FX’s volumes after the platform posted a record $839 billion in March 2020. At one point this month, Euronext had a record day of FX trading with 54.6 billion worth of currency trades changing hands on March 9. The trading at this time was driven by investor fears that the 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 may put a damper on the world economy.
Foreign Exchange Yields €6.6 Million in Revenues
Over a quarterly timetable, Euronext FX has reported an average daily volume on its spot foreign exchange market at $20.6 billion for the Q2 2020. This is up 18 percent compared to a year ago. The spot foreign exchange division yielded €6.6 million in revenues, which has also shown an increase of 21 percent from €5.4 million in Q2 2019. Spot FX trading generated €8 million of revenue in the first quarter of 2020.
Founded as a joint venture by the Swiss bank Credit Suisse and FX broker FXCM in 2012, Euronext FX (formerly FastMatch) provides an electronic currency Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term that is mostly for institutional clients such as banks, asset managers and hedge funds. The FX unit of the franco-dutch exchange operator operates an electronic communication network (ECN) for currency trading and has matching engines in New York, London, Tokyo, and Singapore.