Integral, an institutional trading platform provider, is the latest to report its foreign exchange (forex) trading volumes for the month of December this Monday.
During the month, the average daily volumes across the company’s platforms came in at $36.3 billion in the final month of 2019. When measuring this against the previous month, November 2019, volumes increased by 6.8 percent.
Although December of 2019 volumes did increase on a monthly timeframe, they didn’t manage to measure up on a yearly comparison. This is because December of 2018 recorded average daily volumes of $38.7 billion. Therefore, last month’s volumes are lower by 6.2 percent.
December of 2018’s volumes, however, managed to achieve an increase of one percent compared to November 2018, and 18.3 percent uptick compared to the same period in 2017.
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So far, other institutional players have also reported a rise in December, recovering from November lows. As Finance Magnates reported, Euronext’s Fastmatch and FXSpotStream LLC both reported a month-on-month upswing in trading volumes.
Trading providers recover from November lull
Like many key players in the institutional space, November was a difficult month for Integral, which provides technology to banks, brokers, and asset managers. The purpose of the company’s technology is to help its clients outperform their competition in the FX market.
In November of 2019, Integral posted an average daily trading volume of $34 billion in 2019. This is a decline from a month earlier as weaker volatility across financial markets hit activity on institutional FX venues.
In fact, it was lower by 6.6 percent over a monthly timeframe, compared to $36.4 billion reported back in October 2019. In addition, November volumes were below those reached in the same month a year ago with the figures reflecting an 11.2 percent decrease when weighed against $38.3 billion reported back in November 2018.