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.
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, compared to $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 compared to $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.
Source: CBOE FX, Finance Magnates
Finance
Magnates recently
reported that Cboe Digital, a subsidiary of Cboe Global Markets, has partnered
with Crossover Markets Group, a digital asset market launched last year by two
former Jefferies directors.
Mixed Results (Again) in
Europe and Asia
The number
of trading days in Europe was two fewer than in 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 compared to
September’s $585.77 billion. The ADV also automatically fared worse, standing
at $28.4 billion compared to September’s $29.29 billion.
For
Euronext FX, a major ECN for spot FX and precious metals, there was a modest
rebound from $503 billion to $507.79 billion in October. However, the number of
trading days was 22, not 21, as in the previous month, resulting in the ADV
slipping from $23.95 billion to $23.08 billion.
In Asia,
specifically with Japan’s Click365 operating under the Tokyo Financial Exchange
(TFX), the decline in volume for another consecutive month was the strongest.
The annual decline was 42.8% to 2,067,617 contracts. However, there was a
nearly 8% rebound on a monthly basis from 1,917,266 reported 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.
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, compared to $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 compared to $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.
Source: CBOE FX, Finance Magnates
Finance
Magnates recently
reported that Cboe Digital, a subsidiary of Cboe Global Markets, has partnered
with Crossover Markets Group, a digital asset market launched last year by two
former Jefferies directors.
Mixed Results (Again) in
Europe and Asia
The number
of trading days in Europe was two fewer than in 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 compared to
September’s $585.77 billion. The ADV also automatically fared worse, standing
at $28.4 billion compared to September’s $29.29 billion.
For
Euronext FX, a major ECN for spot FX and precious metals, there was a modest
rebound from $503 billion to $507.79 billion in October. However, the number of
trading days was 22, not 21, as in the previous month, resulting in the ADV
slipping from $23.95 billion to $23.08 billion.
In Asia,
specifically with Japan’s Click365 operating under the Tokyo Financial Exchange
(TFX), the decline in volume for another consecutive month was the strongest.
The annual decline was 42.8% to 2,067,617 contracts. However, there was a
nearly 8% rebound on a monthly basis from 1,917,266 reported 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.
