Closing out a fairly active 2023 for leading institutional eFX trading venues, December saw a slight 2% month-over-month drop in average trading volume, 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 increases in activity in December, while FXSpotStream and CboeFX reported slight declines.
Cboe FX (formerly HotspotFX)
- December 2023 average daily volumes were $44.523 billion, -3.0% from $45.909 billion in November.
EuronextFX (formerly FastMatch)
- December 2023 ADV $24.481 billion, +0.7% from November ADV of $24.315 billion.
FXSpotStream
- December’s overall ADV was $64.807 billionwith Spot ADV of USD 49.211 billion and Other ADV of USD 15.596 billion.
- FXSpotStream Total ADV MoM (Dec 23 vs Nov 23) decreased 7.45%.
- FXSpotStream’s total ADV on a year-to-date basis (Dec’23 vs Dec’22) increased 12.51%.
- FXSpotStream’s Spot ADV MoM (Dec 23 vs Nov 23) is down 8.56%.
- FXSpotStream’s Spot ADV YTD (Dec’23 vs Dec’22) increased 8.43%.
- FXSpotStream’s Other ADV MoM (Dec 23 vs Nov 23) was down 3.77%.
- FXSpotStream’s YTD Other ADV (Dec’23 vs Dec’22) was up 27.64%.
360T
- The average daily volume (ADV) at 360 T was reached $27.688 billion in December 2023, 2.2% increase from November’s $27.085 billion.