Institutional FX buying and selling volumes flat in October 2023

In our month-to-month survey of main institutional eFX buying and selling venues, it seems like October 2023 was very very like September, with common buying and selling volumes growing month-over-month however simply by 0.1%.

Following a reasonably robust month of September for FX ECNs, every of the main institutional FX buying and selling platforms reviewed by FNG noticed volumes throughout October inside +/- 4% of final month. Outcomes have been combined with two venues – FXSpotStream and Cboe FX – seeing slight will increase in common day by day buying and selling throughout October, whereas two others, 360T and EuronextFX, reporting slight decreases.

Cboe FX (previously HotspotFX)

  • October 2023 common day by day volumes have been $46.750 billion, +3.1% from September’s $45.334 billion.

EuronextFX (previously FastMatch)

  • October 2023 ADV $23.081 billion, -3.6% from September’s ADV of $23.953 billion.

FXSpotStream

  • October’s Complete ADV was USD67.742billion, with Spot ADV of USD52.755billion and Different ADV of USD14.986billion.
  • FXSpotStream’s Complete ADV MoM (Oct’23 vs Sep’23) elevated 2.65%.
  • FXSpotStream’s Complete ADV YoY (Oct’23 vs Oct’22) decreased 2.01%.
  • FXSpotStream’s Spot ADV MoM (Oct’23 vs Sep’23) elevated 1.06%.
  • FXSpotStream’s Spot ADV YoY (Oct’23 vs Oct’22) decreased 6.77%.
  • FXSpotStream’s Different ADV MoM (Oct’23 vs Sep’23) elevated 8.71%
  • FXSpotStream’s Different ADV YoY (Oct’23 vs Oct’22) elevated 19.47%

360T

  • Common day by day volumes (ADV) at 360T got here in at $28.589 billion in October 2023, down 1.9% from September’s $29.134 billion.



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