Cboe FX volumes rose to $952.01 billion compared to August 2023.
360T reported higher numbers, while Euronext FX and Click365 showed lower monthly turnover.
According
to the latest data from Cboe FX, Deutsche Börse's 360T, Euronext FX, and Click
365, institutional investors showed mixed results in spot currency trading in September
2023. While Cboe reported a noticeable increase despite fewer trading days,
volumes in Japan shrank by nearly 17% compared to August 2023.
Cboe FX Reports Strong
September Volumes
The
American Cboe FX's total trading volume in September was higher than in August
despite fewer trading days. The September figure was $952.01 billion, compared
to $944.44 billion reported a month earlier.
With 21
trading days compared to 23 in August, this value led to a significant increase
in average daily volumes (ADV), which rose by over $4 billion to $45.33 billion
from $41.06 billion.
Turning
attention outside the US, 360T Deutsche Börse, a leading European institutional
FX trading platform, reported a volume of $585.77 billion over 20 trading days
in September.
This
represents a significant rebound from a sluggish August, where volumes were at
$508 billion and still lower than the July level of $616.6 billion. Finance
Magnates' calculations indicate that the ADV for this period was $29.29
billion.
For
Euronext FX, a volume decline from $518 billion to $503 billion was reported in
September. However, this figure was better than the July report, which showed volumes
at $492 billion. The ADV for 21 trading days was $23.95 billion.
In Asia,
and specifically with Japan's Click365 operating under the Tokyo Financial
Exchange (TFX), the declines in volume were the most severe. The number of
contracts traded fell 16.7% month-over-month to 1,917,266. On a yearly
basis, this was a decline of 46.8%.
Research
conducted by BCG Expand confirms the mixed nature of these results. As
seen below, revenues from currency operations among the top 100 banks dropped more than 15% in the first six months of 2023.
If this pattern continues, it could mean a
second revenue decline in three years.
According
to the latest data from Cboe FX, Deutsche Börse's 360T, Euronext FX, and Click
365, institutional investors showed mixed results in spot currency trading in September
2023. While Cboe reported a noticeable increase despite fewer trading days,
volumes in Japan shrank by nearly 17% compared to August 2023.
Cboe FX Reports Strong
September Volumes
The
American Cboe FX's total trading volume in September was higher than in August
despite fewer trading days. The September figure was $952.01 billion, compared
to $944.44 billion reported a month earlier.
With 21
trading days compared to 23 in August, this value led to a significant increase
in average daily volumes (ADV), which rose by over $4 billion to $45.33 billion
from $41.06 billion.
Turning
attention outside the US, 360T Deutsche Börse, a leading European institutional
FX trading platform, reported a volume of $585.77 billion over 20 trading days
in September.
This
represents a significant rebound from a sluggish August, where volumes were at
$508 billion and still lower than the July level of $616.6 billion. Finance
Magnates' calculations indicate that the ADV for this period was $29.29
billion.
For
Euronext FX, a volume decline from $518 billion to $503 billion was reported in
September. However, this figure was better than the July report, which showed volumes
at $492 billion. The ADV for 21 trading days was $23.95 billion.
In Asia,
and specifically with Japan's Click365 operating under the Tokyo Financial
Exchange (TFX), the declines in volume were the most severe. The number of
contracts traded fell 16.7% month-over-month to 1,917,266. On a yearly
basis, this was a decline of 46.8%.
Research
conducted by BCG Expand confirms the mixed nature of these results. As
seen below, revenues from currency operations among the top 100 banks dropped more than 15% in the first six months of 2023.
If this pattern continues, it could mean a
second revenue decline in three years.
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.
Don't miss out on this 5-second invite packed with energy and urgency!
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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!
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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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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
📣 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!
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
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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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