Closing out a fairly active 2023 for leading institutional eFX trading venues, December saw a slight 2% month-over-month decline in average trading volumes, which is not unusual given that much of late December is (almost) always quiet in the financial markets.
Two of the FX ECNs surveyed by FNG – 360T and EuronextFX – actually saw slight upticks in activity during December, while FXSpotStream and CboeFX reported slight declines.
Cboe FX (formerly HotspotFX)
- December 2023 average daily volumes were $44.523 billion, -3.0% from November’s $45.909 billion.
EuronextFX (formerly FastMatch)
- December 2023 ADV $24.481 billion, +0.7% from November’s ADV of $24.315 billion.
FXSpotStream
- December’s Total ADV was USD64.807billion, with Spot ADV of USD49.211billion and Other ADV of USD15.596billion.
- FXSpotStream’s Total ADV MoM (Dec’23 vs Nov’23) decreased 7.45%.
- FXSpotStream’s Total ADV YoY (Dec’23 vs Dec’22) increased 12.51%.
- FXSpotStream’s Spot ADV MoM (Dec’23 vs Nov’23) decreased 8.56%.
- FXSpotStream’s Spot ADV YoY (Dec’23 vs Dec’22) increased 8.43%.
- FXSpotStream’s Other ADV MoM (Dec’23 vs Nov’23) decreased 3.77%.
- FXSpotStream’s Other ADV YoY (Dec’23 vs Dec’22) increased 27.64%.
360T
- Average daily volumes (ADV) at 360T came in at $27.688 billion in December 2023, up 2.2% from November’s $27.085 billion.
