Institutional FX trading kicks off 2024 on a positive note, witnessing a noteworthy 4% increase in average daily trading volumes across leading eFX ECNs compared to the previous month.
Key Highlights:
FXSpotStream achieves record-high average daily volumes (ADV) in January 2024.
EuronextFX and 360T also record substantial ADV growth.
Cboe FX experiences a slight dip in volumes.
Details:
Cboe FX (formerly HotspotFX): January 2024 ADV at $43.629 billion, a minor 2% decline from December.
EuronextFX (formerly FastMatch): Registers an ADV of $24.933 billion, marking a 1.8% increase from December.
FXSpotStream: Sets a new ADV milestone of $73.645 billion, showcasing significant month-over-month (MoM) and year-over-year (YoY) growth.
360T: Records an ADV of $28.758 billion, marking a notable 3.9% increase from December.
Overall, January witnessed robust trading activity in the institutional FX market, setting a positive tone for the year ahead.
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