Refinitiv FX Volumes Up in September, 24X Hits New High
Posted by Colin Lambert. Last updated: October 11, 2022
As has been the case with other platforms to report results, Refinitiv also saw a very healthy bounce in FX activity in September thanks to increased volatility, especially in Cable, which hit a new historical low after the UK mini-budget announcement towards the end of the month.
The firm says spot FX average daily volume (ADV) across its platforms rose 30.2% from August to $112 billion – this is also a 25.8% increase year-on-year. It also matches the highest ADV for the year, March also saw the same ADV, which is in turn the highest since March 2020 and the onset of the pandemic.
In non-spot products it was also a decent month for Refinitiv, with the firm reporting ADV of $360 billion, a 10% increase from August and up 4% year-on-year.
Elsewhere, 24 Exchange reinforced the strong data from the FX industry on NDFs, by reporting its highest ADV to date in September at $872 million. This is 36.3% up on August and more than double that recorded in September 2021.