More FX Platforms Report Volume Drift in July
Posted by Colin Lambert. Last updated: August 10, 2022
As was the case with the first group of platforms to report FX turnover, Refinitiv, Integral and 24 Exchange all saw average daily volume drift lower in July from June, but were up year-on-year.
Refinitiv reports spot FX ADV across its platforms of $98 billion per day, down 3.9% from June but up 16.7% from July 2021. It was a similar story in non-spot products, with daily turnover dropping to $344 billion, a 6.7% decline from June, but up a more modest 2.1% year-on-year.
Elsewhere, Integral, which reports volume across all FX products, says it handled $48.8 billion per day in July, down a fraction from June’s $49 billion, but up 10.9% year-on-year.
Finally, 24 Exchange, in contrast to the other two platforms to report NDF data, saw a decline in ADV to $500 million per day, and while this is 27% lower than June, it is up 28.2% year-on-year.