FastMatch Trading Volumes Buoyed in Final Week of April by French Election
- The French presidential election may have unlocked FX volatility on a big scale.
The fastest growing 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 for the past year, Fastmatch, reported on the firm's trading volumes in April. The company is showing a solid performance thanks to a strong final week of the month of April, in the aftermath of the first round of the French presidential election.
Total trading volumes transacted via the company’s facilities in April amounted to $380.7 billion, which is lower by 13.7 percent when compared to the month of March and higher by 67.6 percent when compared to a year ago,
The average daily volumes for the month of April totalled $19 billion, which is just a notch lower than the $19.2 billion daily registered in March. The number is higher by 76 percent when compared to April 2016.
Daily trading volumes increased sharply after the French Presidential election. Source: Fastmatch
A chart of daily trading volumes shows that Fastmatch got a significant boost in the aftermath of the French election. While the daily average for the first three weeks of the month came to about $15.6 billion daily, the figure for the final week of April was 29.4 billion.
Pressure on the US dollar has been increasing in recent weeks from major peers like the euro and the British pound. Any potential break lower could unleash a flesh slew of FX 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, a theme that hasn’t been observed since the US presidential election in November last year.
The fastest growing 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 for the past year, Fastmatch, reported on the firm's trading volumes in April. The company is showing a solid performance thanks to a strong final week of the month of April, in the aftermath of the first round of the French presidential election.
Total trading volumes transacted via the company’s facilities in April amounted to $380.7 billion, which is lower by 13.7 percent when compared to the month of March and higher by 67.6 percent when compared to a year ago,
The average daily volumes for the month of April totalled $19 billion, which is just a notch lower than the $19.2 billion daily registered in March. The number is higher by 76 percent when compared to April 2016.
Daily trading volumes increased sharply after the French Presidential election. Source: Fastmatch
A chart of daily trading volumes shows that Fastmatch got a significant boost in the aftermath of the French election. While the daily average for the first three weeks of the month came to about $15.6 billion daily, the figure for the final week of April was 29.4 billion.
Pressure on the US dollar has been increasing in recent weeks from major peers like the euro and the British pound. Any potential break lower could unleash a flesh slew of FX 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, a theme that hasn’t been observed since the US presidential election in November last year.