FX Volumes Up at 360T; Drift at LSEG

While Deutsche Börse’s 360T saw a slight uptick in total FX volume in August, rival LSEG’s FX business saw a very slight dip – thanks to a decline in spot FX activity that was reflected elsewhere.

Average daily volume (ADV) on 360T in August was EUR 160.9 billion, just 0.6% higher than July and the fourth busiest month for the group thus far in 2025. Year-on-year ADV was up 10.5%.

Earlier in the month, 360T reported a slight (2.2%) drift in spot volumes to $32.65 billion per day, while NDF activity was a fraction higher at $1.8 billion. Using a fixed exchange rate, non-spot volumes at 360T were $132.5 billion, up 1.2% from July and up 11.6% year-on-year.

At LSEG FX, meanwhile, spot ADV followed the pattern set by most other platforms and dipped below the $100 billion threshold for the first time in 2025 since January, hitting $95 billion per day. This is down 6.9% from July and down 11.2% year-on-year.

Non-spot activity at LSEG FX was largely stable, with ADV across its platforms coming in at $413 billion per day, up $2 billion per day from July, but up a more impressive 11.3% year-on-year. Non-spot activity across LSEG FX has remained above the $400 billion per-day threshold every month so far this year.