24 Exchange Hits New NDF Peak Amid Wider Growth
Posted by Colin Lambert. Last updated: July 3, 2023
NDF volumes continue to move higher, with the three platforms to report average daily volume (ADV) all seeing growth in June, headlined by 24 Exchange, which hit a new peak almost 25% higher than its previous high.
24X says ADV was $1.969 billion in June, a 31.6% rise from May and almost three times year-on-year. This is also up more than 23% from its previous peak of just over $1.5 billion reported in March 2023.
Elsewhere, it was also a good month for Deutsche Börse’s 360T – the platform reporting NDF ADV of $1.465 billion, a 20.5% rise from May and up 39% year-on-year. Volume exceeded $2 billion on three days during the month.
Finally, Cboe SEF ADV in NDFs was $955 million, a slight 0.4% increase from May, but up21.7% year-on-year.