LSEG, 360T to New FX Peaks, SGX Remains Strong, in June

Three exchange groups have reported strong June FX volumes, with LSEG FX and Deutsche Börse’s 360T hitting new peaks for activity, largely driven by non-spot volumes.

Average daily volume at LSEG FX was $119 billion in spot and $479 billion in non-spot, meaning the total of $598 billion just beats out the previous high of $597 billion in March 2026. Spot activity is up 10.2% from May and up 7.2% year-on-year, while non-spot volume hit a new high for the firm and is +12.2% month-on-month and +13.25% year-on-year. The previous high for non-spot volumes at LSEG was $462 billion in September 2025.

The picture was equally positive at 360T, which breached the EUR 200 billion barrier for the second time, achieving a new peak of EUR 208.1 billion per day in June. This is +14% from May and +19.1% year-on-year. Using a fixed exchange rate, The Full FX estimates non-spot ADV of $171.2 billion at 360T, the highest in the firm’s history and comfortably above the $160.6 billion seen in March 2026. Earlier this month, 360T reported spot ADV of $42.4 billion and NDF ADSV of just over $2 billion.

While it did not quite hit recent heights, June was also a good month for Singapore Exchange, with ADV of 489,000 contracts, which is down 2.9% from May, but up 53.3% year-on-year. CNH activity was just over 237,500 contracts per day, up 1.6% from May and up 41% year-on-year, while INR ADV was just under 186,500 contracts, down 12.3% from May and up 66% year-on-year. Overall, June was the third busiest month to date for SGX.