FX Brokers Starts H2, 2018 in a Soft Note, Lower MoM July ADV

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.


FX Brokers Starts H2, 2018 in a Soft Note, Lower MoM July ADV Reported Across Brokerages

August 2, 2018

FXSpotStreamAfter record forex trading volumes in the first half of 2018, brokerages around the world have started the second half of the year in a soft note, with July trading volumes failing to make any impression. The seasonal slowdown in the Fx trading volume has been recorded with brokerage across the globe.


The multibank FX aggregation service provider has reported the average daily volume of $27.7 billion, which 9 per cent lower compared to the June volume at $30.4 billion. The June volume is the all-time best for the company. And, compared on a yearly basis, the July 2018 ADV is close to 58 per cent higher versus $17.5 billion. 


The FCA and CySEC regulated retail FX broker reported total volumes of $343.5 billion, 11 per cent higher from June’s $308.6 billion. The July month also proved to be one of the busiest for the company ever.

Exness witnessed total 44,135 active traders in July 2018, up from 43,643 in the previous month. The company completed the first six months with record trading volumes of more than $2 trillion. Exness is fast expanding its operational presence in the UK region and recently injected £1.5 million of additional capital. 

Cboe Fx Cboe FX (Hotspot FX)

The company witnessed cooling down of trading activities in July, with over 12 per cent decline in average trading volume $33.2 billion compared to $37.8 billion in June 2018. The July month also became the slowest month in 2018.

By currency pairs, the EUR/USD was the most active pair in July 2018 which accounted 23.1 per cent of total trading, followed by USDJPY at 15.6 per cent, GBPUSD at 8.8 per cent, AUDUSD at 8.8 per cent, and USDCAD at 5.9 per cent. 


The leading institutional FX platforms, Forex ECN has reported a 10 per cent decline in average daily volume in July 2018 with volumes coming in at $20 billion. Despite the seasonal slowdown, FastMatch was able to post July ADV not very far from 2018’s best month of May 2018, at $22.6 billion ADV.

TFXTFX-Click 365

The Tokyo Financial Exchange (TFX) reported a 6 per cent month-on-month increase in volume in July. The trading volume of three-month EuroYen futures was recorded at 110,841, an increase of 38 per cent MoM and 25.6 per cent YoY. And, average daily volume was recorded at 5,278.

The total volume for FX Daily Futures contracts (Click 365) was recorded at 2,604,952, an increase of 6.0 per cent MoM and 13 per cent YoY. The average daily trading volume for July month was recorded at 118,407 contracts.

The total trading volume for Equity Index Daily Futures contracts (Click kabu 365) came in at 365,235 contracts, an increase of 15.2 per cent MoM but declined by 31 per cent YoY. Its average daily trading volume reported at 16,602 contracts. 

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