After a fairly slow May across leading institutional eFX venues, pick-up-trade activity picked up in June with a 12% month-on-month increase, which included record activity across some providers.
FXSpotStream, Cboe FX, 360T and EuronextFX each saw trading volume increase between 10% and 15% in June 2024, which brought another record total ADV for FXSpotStream in terms of Spot, Other and Total ADV.
Cboe FX (formerly HotspotFX)
- June 2024 average daily volumes were $47.51 billion, +12.6% from $42.21 billion in May.
EuronextFX (formerly FastMatch)
- June 2024 ADV $27.929 billion, +9.8% from May’s ADV of $25.430 billion.
FXSpotStream
- June brought another record ADV set for FXSpotStream in terms of Spot, Other and Total ADV. Total ADV of June 94.841 billion dollars is the fourth record ADV set in 2024 and consists of a record high Spot ADV of USD 68.760 billion and an ADV in all other products of USD 26.080 billion.
- FXSpotStream’s Total ADV MoM (June 24 vs May 24) increased 9.79%.
- FXSpotStream’s total year-to-date ADV (June 24 vs. June 23) increased by 50.58%.
- FXSpotStream’s Spot ADV MoM (June 24 vs May 24) rose 10.14%.
- FXSpotStream’s YTD Spot ADV (June 24 vs June 23) is up 39.37%.
- FXSpotStream’s Other ADV MoM (June 24 vs May 24) rose 8.90%.
- FXSpotStream’s YTD Other ADV (June 24 vs June 23) is up 91.13%.
360T
- The average daily volume (ADV) at 360 T was reached $30.195 billion in June 2024, 14.6% increase from $26.342 billion in May.