Refinitiv Publishes March FX Data – Strongest for Two Years
Posted by Colin Lambert. Last updated: May 3, 2022
Refinitiv has, finally it has to be said, closed out the March FX volume reporting period with a strong report – spot average daily volume being the second highest (after March 2020 and the start of the pandemic) since February 2018.
Spot ADV was $112 billion, an 8.7% increase from February and up 17% year-on-year. Last month other platforms reported increases of similar magnitude as volatility spiked due the macroeconomic uncertainty and the onset of the Ukraine conflict.
Non-spot ADV was $379 billion per day at Refinitiv, a 3% increase from February and up 1.3% year-on-year. Last month Deutsche Boerse’s 360T reported non-spot activity rose 14.4% month-on-month and 33.3% year-on-year.