FXSpotStream, Fastmatch Kick Off FX Volume Reports for March

In March 2019, the average daily volume on FastMatch was $21 billion, up 16% relative to $18.14 billion in February.

Activity on FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, rebounded in March after a notable dip in February as increased volatility across global markets boosted volumes. The company’s figures set a positive tone for a raft of similar announcements from eFX cash venues to be issued later this week.

Average daily turnover on FXSpotStream platforms was reported at $37.75 billion, which represented a move higher of 8.4 percent over a monthly timeframe, compared with $34.83 billion back in February 2019. On an annual basis, turnover also climbed by over 37 percent relative to $27.54 billion from March 2018.

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FXSpotStream saw a rebound across its total trading volumes after the company reported $792 billion for the month, up 14 percent month-on-month from $696 billion reported the previous month. Across a yearly interval, March’s metrics shot higher by more than 30 percent compared with $606 billion a year ago.

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Fastmatch Metrics

The FX trading venue of Euronext has also reported trading volumes for March, which shows a strong rebound with one of the company’s best months. Fastmatch is reporting a total of $441.8 billion that has changed hands during March 2019, representing a 22 percent increase from the $363 billion reported back in February 2019.

In March 2019, the average daily volume on the spot foreign exchange market of FastMatch, operating as a Euronext company since August 2017, was also higher on a month-over-month basis, coming in at $21 billion, or up 16 percent relative to $18.14 billion in the prior month.

Outside of the FX volumes count, Euronext’s electronic communication network (ECN) has been very active in the past few months. Just last week, FastMatch established a matching engine and opened an office in Singapore, located near some of its major customers in the largest FX center in Asia and the third largest globally.

The company has been accelerating its expansion in the Asian market to increase the availability of its technology platform and create a strong presence in order to become a major FX marketplace in the region.

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