LSEG FX Volumes Lower in October
Categorised: The Stream | Tags: FX, LSEG FX, non-spot, spot, volumes
Posted by Colin Lambert. Last updated: November 20, 2024
Posted by Colin Lambert. Last updated: November 20, 2024
In keeping with its peers, LSEG FX has also reported lower FX volumes in October, with activity dropping in both spot and non-spot products.
Spot average daily volume was $96 billion in October, an 11.9% drop from September, which is largely in line with its peers who reported earlier in the month. This is also a 10.3% year-on-year increase, although it is below the year-to-date average of just under $100 billion per day.
There was also a decline in non-spot activity at LSEG FX, although at $399 billion, this is tied for the second busiest month since the platform starting reporting data in 2013 with March 2020 and the onset of the pandemic. This is down 4.8% from the new peak for activity, set in September, but is up 17.4% year-on-year.
