Non-Spot Volumes Help 360T, Refinitiv, Higher

While average daily volume (ADV) in spot markets reflected that from earlier reporting platforms, 360T and Refinitiv both managed an increase in total FX volumes in December, thanks to non-spot activity

Deutsche Börse’s 360T reports total FX average daily volume of EUR 107.7 billion, a 5.3% increase in activity from November and up 11.3% year-on-year. Earlier this month, the platform had reported a drop in spot activity, meaning non-spot volumes rose by 10.4% month-on-month and by an impressive 16.1% year-on-year.

Refinitiv, meanwhile, reports spot ADV of $85 billion, down 3.4% from November but up 1.2% year-on-year. Non-spot volume at Refinitiv was $348 billion, meaning overall a $3 billion increase from December. In non-spot terms, activity on Refinitiv was up 1.8% from November, but down 1.1% from December 2020.

Earlier this month, CME Group reported spot FX ADV at EBS of $49.3 billion, a 21.1% drop from November and down 16% year-on-year. For the Merc’s FX futures and options products, turnover was $87.5 billion per day, the quarterly roll ensuring this was a 17.3% increase from November, however it was down 11% year-on-year.

Elsewhere, Integral reports ADV across all products of $44.6 billion in December, down 11.9% from November and down 8% year-on-year.