360T, LSEG Report Strong FX Volumes

Following the stream of records earlier in the month, Deutsche Börse and LSEG have also reported strong total FX volumes, with the latter hitting a new peak in non-spot turnover.

Deutsche Börse’s 360T says average daily volume (ADV) in all FX products on its platforms was EUR 176.5 billion, the highest for a non-quarter-end month on the platform, but slightly below the December 2024 peak of EUR 176.9 billion. This is still up slightly on March (by 0.6%) and is up 24.3% year-on-year.

Earlier this month, 360T reported its highest-yet spot ADV at $39.6 billion, using a fixed exchange rate, The Full FX estimates that non-spot volumes drifted by 0.1% from March, but were up 22.4% year-on-year at $142.1 billion.

At LSEG, meanwhile, spot FX volumes across its platforms hit a multi-year high at $135 billion per day, second only to March 2020 and the onset of the pandemic – taking out that month, April is the highest spot volume at LSEG since January 2015. Spot ADV is up 13.5% from March and 35% higher year-on-year.

Non-spot volumes at LSEG hit a new high in April for the second successive month. At $429 billion per day, this is up 0.95% from March, which was itself a new high as noted, and up 17.5% year-on-year.