LSEG FX Posts Higher Spot Volumes
Posted by Colin Lambert. Last updated: January 8, 2024
LSEG FX ended 2023 on a mixed note, with spot volumes maintaining the strength seen in November, but non-spot volumes drifting lower to register the lowest in 2023.
Spot FX volumes across the firm’s platforms was $99 billion per day in December, the highest since June 2023 and up 7.6% on November. On a year-on-year basis, volume was up 15.1%, and, in keeping with several other platforms to report, was the strongest December performance for some time, in this case going back to December 2014.
Non-spot volumes at LSEG FX were lower in December at $332 billion per day. This represents a 2.6% drop from November, but is up 4.7% on a year-on-year basis. While spot volumes were helped by volatility in the month, the suggestion is that other products did not receive a similar boost – 360T has yet to report non-spot volumes, however both it, 24 Exchange and CboeFX reported lower NDF volumes from November, as did CME’s FX Link.