CME, LSEG Venues See Volume Uptick in March
Posted by Colin Lambert. Last updated: April 12, 2021
With Refinitiv reporting average daily volume data for March the picture is now complete on the FX trading venues’ performance for the month and overall it was a positive one.
CME Group says ADV across its FX futures and options suite was $93.5 billion in notional terms, an increase of 18.8% on February – unsurprisingly because March is a roll month – and down 33.3% on March 2020, which saw the pandemic-inspired volatility spike in markets.
The Merc’s EBS FX spot business reports ADV of $74.9 billion in March, a 7% increase on February, a performance only out stripped by FXSpotStream’s 10.3% month-on-month increase. Year-on-year, again unsurprisingly, EBS ADV was down, by 42.8%.
LSEG’s Refinitiv reports spot FX ADV of $94 billion across its platforms, this is a 3.2% increase from February and down 33.3% year-on-year. In non-spot products Refinitiv had a good month, reporting the third highest ADV since it started reporting in 2013 at $374 billion per day. This represents a 2.2% increase from February and, again, a drop from March 2020, by 6.3%.