Institutional FX trading volumes knockdown by 14% MoM in April 2023.
After 3 months of fairly wild up-and-down action in both the equity markets and currencies, April spots more muted volatility with currency pairs and leading equity indices. Leading to lower trading volumes.
FXSpotStream, EuronextFX, Deutsche Borse’s 360T, and Cboe FX announced notable drops in volumes of between 9-18% during April.
| 360T | FXSpotStream | EuronextFX (formerly FastMatch) | Cboe FX (formerly HotspotFX) |
| ADV at 360T came in at $25.351 billion in April 2023, down 9.2% from March’s $27.918 billion. | ADV MoM (April‘23 vs March 23) decreased 17.17% to USD55.305 billion. | ADV $19.69 billion, -13.1% from March’s ADV of $22.66 billion. | ADV was $39.661 billion, -18.0% from March’s $48.352 billion. |
Read more: HSBC Makes a $1.5bn Provisional Gain SVB UK | Brokers Times
