360T Hits New Volume Record as Non-Spot Surges
Posted by Colin Lambert. Last updated: October 17, 2022
Deutsche Börse’s 360T has reported average daily volume across all FX products of EUR 140.8 billion in September – a 20.8% increase from August and up an impressive 45.2% year-on-year.
The increased volatility in FX markets generally has seen the platform break its previous peak – in June 2022 – by almost 14%, but while spot volumes were strong, up some $4.5 billion per day from August, they were only the fourth highest since the platform starting reporting data.
The surge in activity was driven very much by non-spot products, in particular FX swaps. Using a fixed exchange rate for EUR/USD across 2022, The Full FX estimates that non-spot ADV was $117 billion, the first time the platform has breached the $100 billion barrier. This is a 21.1% rise from August, over 18% past the previous peak in June 2022 and up 51.2% year-on-year.