Institutional FX volumes end 1H 2024 strong, up 12% in June


Following a fairly slow May at leading institutional eFX venues, trading picked activity picked up in June to the tune of a 12% month-over-month increase, which included record activity at some providers.

Each of FXSpotStream, Cboe FX, 360T, and EuronextFX posted trading volume increases of between 10% and 15% in June 2024, which brought yet another set of ADV records for FXSpotStream in terms of Spot, Other and Total ADV.

Cboe FX (formerly HotspotFX)

  • June 2024 average daily volumes were $47.51 billion, +12.6% from May’s $42.21 billion.

EuronextFX (formerly FastMatch)

  • June 2024 ADV $27.929 billion, +9.8% from May’s ADV of $25.430 billion.

FXSpotStream

  • June brought yet another set of ADV records for FXSpotStream, in terms of Spot, Other and Total ADV. June’s Total ADV of USD94.841billion is the fourth record ADV set in 2024 and consisted of a record high Spot ADV of USD68.760billion and an ADV across all other products of USD26.080billion.
  • FXSpotStream’s Total ADV MoM (Jun’24 vs May’24) increased 9.79%.
  • FXSpotStream’s Total ADV YoY (Jun’24 vs Jun’23) increased 50.58%.
  • FXSpotStream’s Spot ADV MoM (Jun’24 vs May’24) increased 10.14%.
  • FXSpotStream’s Spot ADV YoY (Jun’24 vs Jun’23) increased 39.37%.
  • FXSpotStream’s Other ADV MoM (Jun’24 vs May’24) increased 8.90%.
  • FXSpotStream’s Other ADV YoY (Jun’24 vs Jun’23) increased 91.13%..

360T

  • Average daily volumes (ADV) at 360T came in at $30.195 billion in June 2024, up 14.6% from May’s $26.342 billion.




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