The month of May is surprising for those tracking the volumes of major ECNs industry-wide as Fastmatch marks best month in 2016.
With the end of May now here, we have not been expecting brisk numbers from across the industry due to the relatively short bursts of volatility that dominated the month. Aside from the British pound that has been driving the nerves of traders with wild swings in both directions, and the occasional ordinary euro drop against the U.S. dollar, currency markets activity in May was subdued.
Fastmatch is bucking the trend
In the aftermath of one of the quietest months since the beginning of the year we wouldn’t be expecting major news when it comes to the volumes of ECNs that are reporting their numbers on a daily basis. The numbers of Fastmatch for last month however delivered a surprise increase which bucked the trend.
Fastmatch
Average daily volumes at Fastmatch have increased by 5 per cent when compared to the previous month to $11.4 billion daily. Looking at the total figures, the numbers were even more impressive, growing by 10 per cent to a total of $249.8 billion for the month of May. The numbers are also higher when compared to May 2015 by over 37 per cent.
The figures sharply contrast with the rest of the industry as we shall see below (and most likely this trend will continue in the coming days as all venues report their figures). The aggressive efforts which Fastmatch embarked on in recent months which included price cuts, symmetrical last look requirements for Liquidity providers and the firm’s rapidly growing sales team are yielding results.
GAIN Capital GTX
With GAIN Capital’s GTX venue reporting its daily figures in real time, the figures show that trading volumes declined in May by about 11 per cent to $6.9 billion daily. Looking at the total figures the numbers declined more modestly, by about 7 per cent, which leads to $151.5 billion in total.
The figures are about flat year-on-year with the number estimated to be lower by merely 1.6 per cent when compared to May 2015. After the inclusion of the Swap Dealer facility of GTX, the numbers total to $214.6 billion for the month, which comes to about $9.8 billion daily.
The numbers of GTX are the lowest since December 2015 and can also be attributed to a somewhat slower month due to the Memorial Day holiday, which yielded an average of about one third of the regular daily volume across all venues.
Hotspot
Hotspot was not an exception from the broader trend with the company registering a decline in average daily volumes by 8.5 per cent to a total of $23.4 billion daily, which is the lowest number since November. Looking at the monthly total number, the figure stood at $514.3 billion, which is lower by 4.2 per cent when compared to April.
The numbers at Hotspot have been in steady decline since February when the company registered its most robust figure in over a year. Looking at the year-on-year comparison, the figure stands lower by 8.4 per cent.
With the end of May now here, we have not been expecting brisk numbers from across the industry due to the relatively short bursts of volatility that dominated the month. Aside from the British pound that has been driving the nerves of traders with wild swings in both directions, and the occasional ordinary euro drop against the U.S. dollar, currency markets activity in May was subdued.
Fastmatch is bucking the trend
In the aftermath of one of the quietest months since the beginning of the year we wouldn’t be expecting major news when it comes to the volumes of ECNs that are reporting their numbers on a daily basis. The numbers of Fastmatch for last month however delivered a surprise increase which bucked the trend.
Fastmatch
Average daily volumes at Fastmatch have increased by 5 per cent when compared to the previous month to $11.4 billion daily. Looking at the total figures, the numbers were even more impressive, growing by 10 per cent to a total of $249.8 billion for the month of May. The numbers are also higher when compared to May 2015 by over 37 per cent.
The figures sharply contrast with the rest of the industry as we shall see below (and most likely this trend will continue in the coming days as all venues report their figures). The aggressive efforts which Fastmatch embarked on in recent months which included price cuts, symmetrical last look requirements for Liquidity providers and the firm’s rapidly growing sales team are yielding results.
GAIN Capital GTX
With GAIN Capital’s GTX venue reporting its daily figures in real time, the figures show that trading volumes declined in May by about 11 per cent to $6.9 billion daily. Looking at the total figures the numbers declined more modestly, by about 7 per cent, which leads to $151.5 billion in total.
The figures are about flat year-on-year with the number estimated to be lower by merely 1.6 per cent when compared to May 2015. After the inclusion of the Swap Dealer facility of GTX, the numbers total to $214.6 billion for the month, which comes to about $9.8 billion daily.
The numbers of GTX are the lowest since December 2015 and can also be attributed to a somewhat slower month due to the Memorial Day holiday, which yielded an average of about one third of the regular daily volume across all venues.
Hotspot
Hotspot was not an exception from the broader trend with the company registering a decline in average daily volumes by 8.5 per cent to a total of $23.4 billion daily, which is the lowest number since November. Looking at the monthly total number, the figure stood at $514.3 billion, which is lower by 4.2 per cent when compared to April.
The numbers at Hotspot have been in steady decline since February when the company registered its most robust figure in over a year. Looking at the year-on-year comparison, the figure stands lower by 8.4 per cent.
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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