NEX Markets EBS Trading Volumes Rebound from Slowest Month in 2017
- May trading volumes picked up as FX volatility was slowly reignited.
NEX Markets has just reported the latest trading volumes across the company’s electronic trading platforms. The foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term product EBS registered a positive month in May after marking the slowest month of 2017 in April.
The company reports that trading volumes transacted via EBS rose 7 percent when compared to April 2017, to $81.3 billion daily. The number is also higher by 12 percent when compared to a year ago.
Trading on the US Treasury market rose 2 percent when compared to April and 9 percent when compared to May 2016 for a total of $170 billion daily. US repos also ticked higher by 2 percent year-on-year and month-on-month for a total of $216.5 billion daily.
The European repo market spiked significantly higher when compared to last year - the total average delay trade volume reached $226.9 billion. The number is higher by 34 percent year-on-year and 4 percent month-on-month.
June appears to be starting on a moderate note, but key risk events, such as the UK election, could tilt the scales. Currently the FX market is pricing in some chance of a major shakeup of the British government, with the majority of the Conservative party being questioned in some recent polls.
Another key factor for volatility this month is the Federal Reserve’s meeting on the 13th and 14th of June. The Federal Open Market Committee is expected to raise rates by 25 basis points. The hike is largely priced into the market. Key dials about the rollback of the Federal Reserve’s balance sheet will be the main driver for the market reaction to the event.
NEX Markets has just reported the latest trading volumes across the company’s electronic trading platforms. The foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term product EBS registered a positive month in May after marking the slowest month of 2017 in April.
The company reports that trading volumes transacted via EBS rose 7 percent when compared to April 2017, to $81.3 billion daily. The number is also higher by 12 percent when compared to a year ago.
Trading on the US Treasury market rose 2 percent when compared to April and 9 percent when compared to May 2016 for a total of $170 billion daily. US repos also ticked higher by 2 percent year-on-year and month-on-month for a total of $216.5 billion daily.
The European repo market spiked significantly higher when compared to last year - the total average delay trade volume reached $226.9 billion. The number is higher by 34 percent year-on-year and 4 percent month-on-month.
June appears to be starting on a moderate note, but key risk events, such as the UK election, could tilt the scales. Currently the FX market is pricing in some chance of a major shakeup of the British government, with the majority of the Conservative party being questioned in some recent polls.
Another key factor for volatility this month is the Federal Reserve’s meeting on the 13th and 14th of June. The Federal Open Market Committee is expected to raise rates by 25 basis points. The hike is largely priced into the market. Key dials about the rollback of the Federal Reserve’s balance sheet will be the main driver for the market reaction to the event.