More Platforms Report FX Volume Data
Posted by Colin Lambert. Last updated: May 10, 2021
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.
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.