360T Sees Non-Spot FX Volume Bounce
Categorised: The Stream | Tags: 360T, CME, FX Link, FX volumes, non-spot, Refinitiv
Posted by Colin Lambert. Last updated: March 21, 2023
Posted by Colin Lambert. Last updated: March 21, 2023
360T has reported its fifth highest ever FX average daily volume (ADV) in February, with EUR 123.5 billion trading every day.
This represents an 8.7% increase from January and is up an impressive 18.8% year-on-year. At constant exchange rates, this amounts to $101.3 billion in non-spot volume, which is actually the third largest since it started reporting data. The platform reported spot ADV of $25.5 billion earlier this month and NDFs of $1.14 billion.
Earlier this month, LSEG’s Refinitiv reported non-spot ADV of $357 billion, up from $355 billion in January, but down slightly on February 2022’s $368 billion. CME’s FX Link handled $1.22 in ADV in February, up 8% on January, but down 12.9% on February 2022.