Fastmatch Reports Third Highest Month on Record in January

Fastmatch, an Electronic Communications Network (ECN) Electronic Communications Network (ECN) Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Read this Term) for foreign exchange trading, is registering strong trading volumes at the start of 2017. The company posted its third highest month on record in January, capitalizing on the two-way Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term in major currency pairs.

Trading volumes during the first month of 2017 amounted to $357.3 billion. The figure was higher when compared to December by over 23 percent. Looking at the year-on-year growth, the figures have increased even more briskly, coming in at almost 51 percent.

The January 2017 average daily volumes (ADVs) for Fastmatch reach $17 billion, which is a nick lower than the venue’s record month in November 2016. During the month of the US Presidential election, the company registered $17.1 billion daily. January’s number is higher by 23 percent when compared to December 2016 and by 44 percent when compared to January 2016.

The year-on-year growth for Fastmatch continues with the company registering substantial increase in trading volumes. Throughout the year, the company has introduced several changes to its offering warranting increased rates of growth. The firm also increased its investment in staff and hired several key executives in its London office, while recently opening a Singapore branch.

Fastmatch has also recently introduced its Midmatch service which is a dark trading venue for foreign exchange. Back in January, the company also updated its fee structure, reducing the costs associated with certain products.

The company’s impressive growth throughout 2016 comes at a crucial time for the foreign exchange industry as FX volatility during the Trump administration is delivering a promising start to 2017.