Trading volumes fall in major markets, with the USA extending its negative streak to 4 months.
Europe also reverses its positive streak and joins the decliners.
February
was not a good period for major FX trading centers, as average daily volumes
(ADV) declined across all continents. The drops were most acute in the USA,
extending a negative streak to four months. Lower volumes were also observed in
Asia, with negative sentiment affecting European centers.
FX Spot Volumes at Cboe
Decline since October
February
marked the fourth consecutive month of decline in ADV for Cboe FX Markets,
dropping to $42.6 billion. This marked a decrease from the previous month's figure of $1 billion,
and October 2023's record high of $46.7 billion. The total volume
for February was $895.2 billion, compared to $959.8 billion reported in
January.
It's worth
noting that the past month had one fewer trading day (21) than the first of
2024. Total volumes have been falling from the record values above $1
trillion observed in November and October.
Europe Joins the Negative
Trend in FX Volumes
In Europe,
Deutsche Börse's 360T reported a drop in ADV to a two-month low of $27.6
billion, compared to $29 billion reported a month earlier. The total volume was
just under $580 billion, sliding on a monthly basis. Like Cboe FX Markets,
360T had one fewer trading sessions in February than in January.
In the competing
Euronext FX's Fastmatch, a depreciation in both main volume indicators was observed. The total volume at 21 trading sessions fell to $495.8 billion from
January's $576 billion, and ADV dropped from $29 billion to $23.6 billion.
Click365 Experiences Another
Monthly Volume Decline
Click365,
the FX platform of the Tokyo Stock Exchange, reported a turnover decrease
compared to January, amounting to a drop of 13.1%. The total volume of 1,783,795
contracts fell by nearly 25% compared to February 2023.
ADV was at
84,942 contracts, compared to 93,303 in January and 111,661 in December. As in
previous months, the most substantial volume depreciation was observed in
USD/JPY contracts where the monthly drop was 36%, and the annual nearly 50%.
February
was not a good period for major FX trading centers, as average daily volumes
(ADV) declined across all continents. The drops were most acute in the USA,
extending a negative streak to four months. Lower volumes were also observed in
Asia, with negative sentiment affecting European centers.
FX Spot Volumes at Cboe
Decline since October
February
marked the fourth consecutive month of decline in ADV for Cboe FX Markets,
dropping to $42.6 billion. This marked a decrease from the previous month's figure of $1 billion,
and October 2023's record high of $46.7 billion. The total volume
for February was $895.2 billion, compared to $959.8 billion reported in
January.
It's worth
noting that the past month had one fewer trading day (21) than the first of
2024. Total volumes have been falling from the record values above $1
trillion observed in November and October.
Europe Joins the Negative
Trend in FX Volumes
In Europe,
Deutsche Börse's 360T reported a drop in ADV to a two-month low of $27.6
billion, compared to $29 billion reported a month earlier. The total volume was
just under $580 billion, sliding on a monthly basis. Like Cboe FX Markets,
360T had one fewer trading sessions in February than in January.
In the competing
Euronext FX's Fastmatch, a depreciation in both main volume indicators was observed. The total volume at 21 trading sessions fell to $495.8 billion from
January's $576 billion, and ADV dropped from $29 billion to $23.6 billion.
Click365 Experiences Another
Monthly Volume Decline
Click365,
the FX platform of the Tokyo Stock Exchange, reported a turnover decrease
compared to January, amounting to a drop of 13.1%. The total volume of 1,783,795
contracts fell by nearly 25% compared to February 2023.
ADV was at
84,942 contracts, compared to 93,303 in January and 111,661 in December. As in
previous months, the most substantial volume depreciation was observed in
USD/JPY contracts where the monthly drop was 36%, and the annual nearly 50%.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
FX Volatility Impacts Q1 Revenue of Compagnie Financière Tradition
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.
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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
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📣 Stay updated with the latest in finance and trading!
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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!
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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!
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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!
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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
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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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