Cboe FX volumes rose another month in a row to $1.03 trillion.
However, other operators reported a mixed bag of trading results.
Spot currency
trading in October 2023 presented mixed data for another consecutive month regarding
institutional market operators, including Cboe FX, Deutsche Börse's 360T,
Euronext FX, and Click 365. While Cboe managed to achieve growth in volumes
both on an annual and monthly basis, the results from Asia and Europe were not
as positive.
Cboe FX Reports Higher ADV
in October 2023
For the US
Cboe FX, trading volumes increased for another consecutive month in terms of
total values and average daily volumes (ADV). In October, the trading volume
was at $1.03 trillion, surpassing $952.01 billion in September and $944.44
billion in August.
Although
the number of trading days in October was 22, one more than in August, the ADV
still increased to $46.75 billion exceeding the $45.33 billion reported in
September.
For Cboe FX, this was the best monthly result since March 2023 when the total volumes were at $1.11 trillion. Generally speaking, volume values exceeding $1 trillion are very rare. Since 2017, this has only occurred five times.
In Europe, there were two less trading days in contrast to the United States. 360T
Deutsche Börse, a leading European institutional FX trading platform, reported
a volume of $567.97 billion in October, marking a decline from September's $585.77 billion. Additionally, the ADV automatically fared worse, standing
at $28.4 billion compared to September's figure of $29.29 billion.
Euronext FX, a significant ECN for spot FX and precious metals, experienced a modest
rebound from $503 billion to $507.79 billion in October. However, with 22 trading days as opposed to 21, seen in the previous month, the ADV decreased from $23.95 billion to $23.08 billion.
In Asia, particularly with Japan's Click365 operating on the Tokyo Financial Exchange, the decline in volume for another consecutive month was the most pronounced, with an annual decline of 42.8% to 2,067,617 contracts. However, there was
nearly a rebound of 8% on a monthly basis from 1,917,266 reported in the previous
month.
The
currency pair USD/JPY had the largest share in the volumes executed by
Click365, accounting for 40% of all transactions. MXN/JPY was in second place,
followed by AUD/JPY.
Spot currency
trading in October 2023 presented mixed data for another consecutive month regarding
institutional market operators, including Cboe FX, Deutsche Börse's 360T,
Euronext FX, and Click 365. While Cboe managed to achieve growth in volumes
both on an annual and monthly basis, the results from Asia and Europe were not
as positive.
Cboe FX Reports Higher ADV
in October 2023
For the US
Cboe FX, trading volumes increased for another consecutive month in terms of
total values and average daily volumes (ADV). In October, the trading volume
was at $1.03 trillion, surpassing $952.01 billion in September and $944.44
billion in August.
Although
the number of trading days in October was 22, one more than in August, the ADV
still increased to $46.75 billion exceeding the $45.33 billion reported in
September.
For Cboe FX, this was the best monthly result since March 2023 when the total volumes were at $1.11 trillion. Generally speaking, volume values exceeding $1 trillion are very rare. Since 2017, this has only occurred five times.
In Europe, there were two less trading days in contrast to the United States. 360T
Deutsche Börse, a leading European institutional FX trading platform, reported
a volume of $567.97 billion in October, marking a decline from September's $585.77 billion. Additionally, the ADV automatically fared worse, standing
at $28.4 billion compared to September's figure of $29.29 billion.
Euronext FX, a significant ECN for spot FX and precious metals, experienced a modest
rebound from $503 billion to $507.79 billion in October. However, with 22 trading days as opposed to 21, seen in the previous month, the ADV decreased from $23.95 billion to $23.08 billion.
In Asia, particularly with Japan's Click365 operating on the Tokyo Financial Exchange, the decline in volume for another consecutive month was the most pronounced, with an annual decline of 42.8% to 2,067,617 contracts. However, there was
nearly a rebound of 8% on a monthly basis from 1,917,266 reported in the previous
month.
The
currency pair USD/JPY had the largest share in the volumes executed by
Click365, accounting for 40% of all transactions. MXN/JPY was in second place,
followed by AUD/JPY.
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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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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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
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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
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Register now to secure your spot: https://bit.ly/3JbUpCK
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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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