Leading off our reports of FX trading volumes for August by leading Retail and Institutional eFX platforms, Forex ECN FastMatch data shows a 10% drop in activity from July volumes – marking the third consecutive month of volumes declines at FastMatch.
FX trading volumes at FastMatch averaged $16.2 billion daily in August, as compared to $18.0 billion in July, $19.7 billion in June and a record $22.5 billion in May.
FastMatch’s figures portend a fairly slow month of August in the FX trading space, not atypical in the summer months, although activity did seem to be stronger in the second half of the month as the Euro – which briefly topped $1.20 – British Pound and Canadian Dollar (among other currencies) went on a run against the US Dollar in the final week of the month.
FastMatch’s three owners, Global Brokerage Inc (NASDAQ:GLBR), Credit Suisse and BNY Mellon Corp, announced in late May that they are selling 90% of the company to Euronext NV (EPA:ENX) for $153 million. The transaction closed in mid August.
read more: https://www.leaprate.com/forex/institutional/fastmatch-august-fx-trading-volumes-10-mom-16-2-billion-adv/