Integral Reports Slide in FX Volumes for July 2019

During July 2019, Integral disclosed that a total ADV of $34.1 billion was traded.

Institutional trading platform provider Integral reported its monthly ‎trading volumes for July 2019, which declined from a month earlier as weaker volatility across financial markets hit activity on institutional FX venues.

During July 2019, Integral disclosed that a total ADV of $34.1 billion was traded, which was lower by 6.3 percent over a monthly timeframe, compared to $36.4 billion reported back in June 2019.

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In addition, July volumes were below those reached in the same month a year ago when the company integrated a slew of new buy-side systems into Integral’s OCX ECN, encouraging more trading across all transaction types, including spot, forwards, and swaps.

Specifically, the latest figures reflect a 3.4 percent decrease when weighed against $35.3 billion reported back in July 2018.

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FXSpotStream’s trading platform, which is also a big player in the foreign exchange market, revealed yesterday that its average daily volume (ADV) was just $36.27 billion for the month, down by 14.2 percent from $42.25 billion back in June 2019, when volumes shot up to a new all-time high.

Tending to the Recent Surge in Demand for Cryptocurrencies

Integral’s Open Currency Exchange (OCX) brings a wide spectrum of FX market participants into a single integrated network of liquidity, where they can trade with each other. Clients of the OCX pay a monthly fee for access to the exchange, instead of per-trade fees. While it initially launched with a monthly subscription cost of $275, it was soon lowered to $2.75 per million to accommodate the trading volume of each user, rather than imposing an even charge to clients of all sizes.

Since the deployment of the platform in 2015, the Silicon Valley-based company has been working on several enhancements which bring major changes for existing clients that use the OCX, and which could also attract new customers.

Integral has been tending to the recent surge in demand for cryptocurrencies. The financial technology company initially integrated a handful of the world’s leading digital currencies into its OCX trading platform in late 2017. And earlier last year, it expanded its crypto offering to include 14 different virtual coins, linking 16 crypto exchanges from around the world.

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