More FX Platforms Hit New Peaks
Posted by Colin Lambert. Last updated: April 19, 2022
Three more FX platforms have revealed March 2022 as a new peak in activity on their venues.
Deutsche Boerse’s 360T says average daily volume across all FX products was EUR 118.4 billion, a 13.8% increase on February, which was the second busiest month for the platform after March 2020. Earlier this month 360T reported its second highest spot ADV to date of $28.5 billion, but using a flat 1.15 exchange rate for the whole year, this means non-spot activity hit EUR 93.6 billion, an impressive 14.3% increase on February and up an even more impressive 25.6% year-on-year. It is also 4.6% higher than the previous non-spot high set in December 2021. This rounds out a strong month for 360T, which also earlier reported NDF ADV above $1 billion for the first time.
There was good news also for Integral, which reports ADV across all FX products of $57.3 billion, a 4.4% increase from February and up 6.9% year-on-year. This is also a new high for the firm, which previously had March 2020 and $55.6 billion as its activity peak.
Finally, 24 Exchange also had a new high in its NDF volumes in March – the platform, which began reporting data in January 2021, had ADV of $615 million in March 2022, up 11.8% from February (itself a new high) and up 34.8% year-on-year.