More Platforms Report FX Volume Data

A second group of FX platforms have reported FX volumes for April, confirming there was a month-on-month slowdown but a year-on-year rise.

3D illustration of the four main currencies over black background with copy space on the top and left sides. Concept of forex trading

CME Group says its futures and options FX product suite handled $65.4 billion in notional terms during April, this represents a 30% drop from March, which was a roll month and therefore typically busier, but equally a 29.2% increase year-on-year – April 2020 being the lowest notional reported by CME from more than a decade.

It was a similar picture at EBS, which is owned by CME – ADV dropped 17.8% to $61.6 billion, and while this is still an increase from the previous April it is slight, just 1.1%. Within this number, while it is not broken out, EBS Direct volumes rose 51% year-on-year, CME reveals.

FXSpotStream, meanwhile, continues to thrive on an annual basis, ADV was $48.7 billion in April, down 11% from March but up 43.2% year-on-year.

Finally, Integral reports ADV of $43.3 billion, a 19.2% fall from March but a 23.4% increase year-on-year, while 24Exchange says its NDF volume averaged $413 million in April, a 9.4% drop from March, which was a new high for the fledgling platform.