International STP brokerage, Global FX has reported its latest batch of trading statistics for H1 2017. The group’s monthly trading volumes were largely positive, having swelled to $456.2 billion during this period. This performance is on par with other brokers that have experienced an early uptick in volumes over H1 2017.
The latest figures are 13.0 percent higher relative to H2 2016, underscoring a healthy growth for the brokerage. However, trading volumes were lower (-12.0 percent) relative to H1 2016, which can be attributed to more isolated pockets of volatility overall in 2017. Many venues have struggled to consistently outperform their 2016 volumes, as market conditions during the year were more stable.
In particular, during H1 2017, monthly average trading volumes at Global FX reached $76.0 billion traded. For the financial quarter, the group’s performance also remains positive as trading volumes in Q2 2017 edged higher by 4.0 percent to $231.6 billion. The figures build off of previous highs, with Global FX eying a successful H2 to close out 2017 at new peaks.
Olga Makrycka, Global FX Managing Partner commented on the volumes: “Overall client’s activity remains on steady upward trend. We are now optimistic on the numbers for the 3th quarter.”
Global FX is an international STP broker providing professional traders with opportunities to work with shares, metals, foreign currencies and CFD liquidity. The company was founded in 2009 in Toronto, Canada, later joined Global Group investment holding.