After a slow February in institutional FX trading, trading activity at leading ECNs and multi-bank FX streaming services took a nice leap forward in March 2024.
Average daily trading volume across leading FNG-participating institutional eFX venues increased by 13% in March 2024, with FXSpotStream, Cboe FX, 360T and EuronextFX each reporting double-digit percentage increases in activity during the month – including best monthly ADV for FXSpotStream, at $82.577 billion.
Cboe FX (formerly HotspotFX)
- Average daily volumes for March 2024 were $47.892 billion, +12.4% from $42.626 billion in February.
EuronextFX (formerly FastMatch)
- March 2024 ADV $26.570 billion, +12.5% from February ADV of $23.608 billion.
FXSpotStream
- March’s Total ADV set another record high ADV for FXSpotStream $82.577 billionwith Spot ADV of USD 58.184 billion and Other ADV of USD 24.393 billion.
- FXSpotStream’s Total ADV MoM (March 24 vs February 24) increased 14.17%.
- FXSpotStream’s total year-to-date ADV (March 24 vs March 23) increased 23.68%.
- FXSpotStream’s Spot ADV MoM (March 24 vs February 24) is up 12.26%.
- FXSpotStream’s YTD Spot ADV (March 24 vs March 23) is up 7.66%.
- FXSpotStream’s Other ADV MoM (March 24 vs February 24) was up 19.00%.
- FXSpotStream’s YTD Other ADV (March 24 vs March 23) is up 91.73%.
360T
- The average daily volume (ADV) at 360 T was reached $30.669 billion in March 2024, 11.1% increase from $27.614 billion in February.