After a fairly strong start to the year in January, institutional FX trading on major ECNs and multi-bank FX streaming services took a step back in February.
The average daily trading volume of major institutional eFX exchanges surveyed by FNG decreased by over 3% in February 2024, with FXSpotStream, Cboe FX, 360T, and EuronextFX each having a trading volume of 1.8% in the same month. They reported a decrease ranging from 5.3% to 5.3%.
Cboe FX (formerly HotspotFX)
- The average daily trading volume for February 2024 is $42.626 billion, -2.3% From $43.629 billion in January.
EuronextFX (formerly FastMatch)
- February 2024 ADV $23.608 billion, -5.3% From January’s ADV of $24.933 billion.
FXSpotStream
- FXSpotStream’s total ADVs for February are: $72,327 millionspot ADV is $51.828 billion and other ADV is $20.499 billion.
- FXSpotStream Total ADV MoM (February 2024 vs. January 2024) 1.79% decreasefollowing a record-breaking month in January.
- FXSpotStream’s total ADV YoY (February ’24 vs. February ’23) increased by 15.07%.
- FXSpotStream’s Spot ADV month-over-month (February 2024 vs. January 2024) decreased by 5.31%.
- FXSpotStream’s Spot ADV YoY (February ’24 vs. February ’23) increased by 3.43%.
- FXSpotStream’s Other ADV month-over-month (February 2024 vs. January 2024) increased by 8.41%.
- FXSpotStream’s Other ADV YoY (February 2024 vs. February 2023) increased by 60.82%.
360T
- Average daily trading volume (ADV) on 360T is $27.614 billion In February 2024, 4.0% decrease From $28.758 billion in January.
