Foreign exchange trading volumes rose to a yearly high in September across Integral’s trading platforms as increased volatility across financial markets led to greater activity on the institutional FX venue.
Average daily volumes topped $41 billion last month, which is up 10 percent compared with the figures from the previous year and was also higher by 3 percent relative to August 2020.
The FX technology company has recently launched the 7th iteration of its relationship-based trading platform – FX Inside (FXI). The upgraded FX liquidity aggregation solution addresses the business needs of brokers, banks, institutional and algorithmic trading clients. Specifically, the web-based trading solution will be available through HTML5 browser and mobile devices, and it will enable users to offer a single dealer platform (SDP) to their customers.
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Euronext Also on the Uptick
The FX trading venue of Euronext, which operates the biggest pan-European exchange, has reported trading volumes for September 2020. The report showed the strong metrics it set in the month prior. Euronext FX, formerly FastMatch, reported a total of $459 billion that changed hands in the previous month, representing an 18 percent increase from the $397 billion reported back in August 2020.
In addition, the exchange’s institutional FX trading venue saw its average daily trading volumes amounting to $21.3 billion in September 2020. This is up 12.6 percent month-over-month from $18.9 billion in the previous month.
Taking a year-over-year perspective, Euronext’s total currency turnover was up 17 percent from $401 billion in September 2019 while its ADV figure advanced with 11.7 percent compared to $19.1 billion a year ago.
Other institutional FX platforms, including CLS and Thomson Reuters, are also expected to report a significant rise in volumes of last month as volatility picked up, and the secular trend of rising FX volumes comes into play again.