Institutional Spot FX Volumes Declined MoM in October
- Market activities have strengthened year-over-year.
- A similar trend can be seen in the US and Europe.
Two institutional spot forex trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term venues, Cboe FX and Deutsche Börse’s 360T, have published trading metrics for October, reporting a monthly slump with more robust numbers year-over-year.
Cboe FX reported a total monthly volume of more than $896 billion for the month, along with an average daily volume (ADV) of $42.6 billion. These figures were down by 11.1 percent and almost 7 percent, respectively from the previous month.
October had 21 trading days compared to 22 in September.
However, Cboe’s total volume and ADV came in more robust year-over-year. It ended last year’s October with a total monthly volume of $717.5 billion and ADV of $34.1 billion, meaning these figures improved by almost 25 percent and 24.9 percent, respectively.
Other Platforms
Another spot FX trading venue, 360T, which dominates Europe, reported a similar trend in trading activities. The platform's total trading volume for October came in at $499.3 billion, with an ADV of $23.7 billion.
360T witnessed a monthly ADV decline of over 13 percent in October, whereas the figure strengthened by 7.2 percent from the same month of the previous year.
In addition, the Deutsche Börse-owned platform offers forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term non-deliverable forwards (NDFs) to institutional traders, which is becoming a popular trading instrument. The total trading volume with FX NDFs for the month came in to be $25.7 billion, which is down from last month’s $324 billion. The ADV for the month declined by 17 percent.
Like spot FX, the demand for NDFs also jumped yearly by more than 92 percent.
Trading demand in October on Japanese forex derivatives trading venue, Click365, remained almost flat month-over-month with a marginal increase of only 0.4 percent. However, year-over-year demand increased by 46.9 percent as more than 3.6 million FX futures contracts changed hands last month.
Meanwhile, the global forex trading market touched a daily ADV of $7.5 trillion last April, according to the Bank for International Settlements (BIS).
Two institutional spot forex trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term venues, Cboe FX and Deutsche Börse’s 360T, have published trading metrics for October, reporting a monthly slump with more robust numbers year-over-year.
Cboe FX reported a total monthly volume of more than $896 billion for the month, along with an average daily volume (ADV) of $42.6 billion. These figures were down by 11.1 percent and almost 7 percent, respectively from the previous month.
October had 21 trading days compared to 22 in September.
However, Cboe’s total volume and ADV came in more robust year-over-year. It ended last year’s October with a total monthly volume of $717.5 billion and ADV of $34.1 billion, meaning these figures improved by almost 25 percent and 24.9 percent, respectively.
Other Platforms
Another spot FX trading venue, 360T, which dominates Europe, reported a similar trend in trading activities. The platform's total trading volume for October came in at $499.3 billion, with an ADV of $23.7 billion.
360T witnessed a monthly ADV decline of over 13 percent in October, whereas the figure strengthened by 7.2 percent from the same month of the previous year.
In addition, the Deutsche Börse-owned platform offers forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term non-deliverable forwards (NDFs) to institutional traders, which is becoming a popular trading instrument. The total trading volume with FX NDFs for the month came in to be $25.7 billion, which is down from last month’s $324 billion. The ADV for the month declined by 17 percent.
Like spot FX, the demand for NDFs also jumped yearly by more than 92 percent.
Trading demand in October on Japanese forex derivatives trading venue, Click365, remained almost flat month-over-month with a marginal increase of only 0.4 percent. However, year-over-year demand increased by 46.9 percent as more than 3.6 million FX futures contracts changed hands last month.
Meanwhile, the global forex trading market touched a daily ADV of $7.5 trillion last April, according to the Bank for International Settlements (BIS).