Following a fairly slow July – but on the heels of a very active H1-2024 of institutional FX trading – August 2024 saw a healthy increase in trading at leading eFX trading providers, averaging a 7.9% across-the-board rise in activity during a fairly volatile month for currencies.
Each of FXSpotStream, Cboe FX, 360T, and EuronextFX posted trading volume increases of between 1% and 15% in August 2024, which brought yet another set of ADV records for FXSpotStream in terms of Spot and Total ADV.
Cboe FX (formerly HotspotFX)
- August 2024 average daily volumes were $49.88 billion, +11.9% from July’s $44.56 billion.
EuronextFX (formerly FastMatch)
- August 2024 ADV $29.03 billion, +14.6% from July’s ADV of $25.34 billion.
FXSpotStream
- August saw FXSpotStream set a new ADV high for the fifth time in 2024. August’s ADV of USD96.796billion consisted of a Spot ADV of USD73.163billion and USD23.633billion in other products. YTD FXSpotStream’s ADV is up 41.15% when compared to the same period last year (Jan-Aug ’24 vs. Jan-Aug ’23).
- FXSpotStream’s Total ADV MoM (Aug’24 vs Jul’24) increased 4.33%.
- FXSpotStream’s Total ADV YoY (Aug’24 vs Aug’23) increased 59.33%.
- FXSpotStream’s Spot ADV MoM (Aug’24 vs Jul’24) increased 6.93%.
- FXSpotStream’s Spot ADV YoY (Aug’24 vs Aug’23) increased 52.30%.
- FXSpotStream’s Other ADV MoM (Aug’24 vs Jul’24) decreased 2.98%.
- FXSpotStream’s Other ADV YoY (Aug’24 vs Aug’23) increased 85.89%.
360T
- Average daily volumes (ADV) at 360T came in at $31.03 billion in August 2024, up 0.8% from July’s $30.78 billion.
