Institutional FX buying and selling volumes see sturdy September, up 10%

Following an excellent first half of 2023 however an anticipated summer time slowdown, institutional FX buying and selling volumes picked up once more in September, with a median enhance in buying and selling volumes of 10% month-over-month seen at main eFX gamers.

Every of the main institutional FX venues surveyed by FNG together with FXSpotStream, Cboe FX, EuronextFX and 360T noticed a month-over-month enhance in exercise throughout September 2023, as rising rates of interest (and hypothesis on persevering with central financial institution motion) injected extra volatility into each fairness and foreign money markets.

Cboe FX (previously HotspotFX)

  • September 2023 common each day volumes have been $45.334 billion, +10.4% from August’s $41.062 billion.

EuronextFX (previously FastMatch)

  • September 2023 ADV $23.953 billion, +6.4% from August’s ADV of $22.503 billion.

FXSpotStream

  • September’s Complete ADV was USD65.9billion, with Spot ADV of USD52.2billion and Different ADV of USD13.8billion.
  • FXSpotStream’s Complete ADV MoM (Sep’23 vs Aug’23) elevated 8.4%.
  • FXSpotStream’s Complete ADV YoY (Sep’23 vs Sep’22) decreased 10.03%.
  • FXSpotStream’s Spot ADV MoM (Sep’23 vs Aug’23) elevated 8.67%.
  • FXSpotStream’s Spot ADV YoY (Sep’23 vs Sep’22) decreased 11.81%.
  • FXSpotStream’s Different ADV MoM (Sep’23 vs Aug’23) elevated 8.44%.
  • FXSpotStream’s Different ADV YoY (Sep’23 vs Sep’22) decreased 2.63%.

360T

  • Common each day volumes (ADV) at 360T got here in at $29.134 billion in September 2023, up 13.3% from August’s $25.719 billion.