Mixed Operating Performance Across Exchanges in the Month of June 2018

FxSpotStream Reports Record Trading Volumes in the Month of June 2018

FxSpotStream, a multibank FX streaming aggregation and a matching service supporting trading in FX Spot, Forwards, Swaps, NDFs and Precious Metals has started the second half of 2018 with record volumes, marking fresh highs in the group’s seven years history.

The strong volumes in June 2018 have been aided by political turbulence in Europe, trade tariffs imposed by the US on global trade which made the market very volatile. During the month, the group has witnessed average daily volume (ADV) of $30.4 billion, recording 8.2 per cent month-on-month jump from $28 billion and on the yearly interval, the growth is over 50 per cent. The total volume during the month was $637.7 billion, slightly lower than the previous month of $645.4 ‎billion, which is due to less no. of trading days i.e 21 days compared to 23 days in May 2018.

The group was founded in 2011, was created as a cost-effective platform offering services on a commission-free model for buy-side firms tapping prices from banks using a multi-dealer aggregating platform. Twelve leading banks provide liquidity that includes Morgan Stanley, Standard Chartered, UBS, Goldman Sachs, HSBC, Credit Suisse, JP Morgan, BNP, Citi. BOA Merill Lynch, Bank of Tokyo and Commerzbank AG.

Moscow ExchangeMoscow Exchange Reports Second Consecutive Months in Drop of Trading Volumes

Moscow Exchange, Russia’s multi-asset trading exchange venue has recorded second continuous month of fall in trading volume in June 2018. The exchange previous month (May 2018) has reported a sizeable decline in the Fx trading volume of $490 billion, and in June 2018, it reported a reading of $447.8 billion, a decline of over 6.3 per cent month on month. On yearly interval also, there is a weakness of over 10 per cent.

The exchange’s total trading volume during the month is recorded at $1.12 trillion, which is 8.5 per cent lower to $1.25 trillion in May 2018 but is 16.8 per cent higher year-over-year. The weakness in trading volumes is not just confined to forex but also across its derivative market volumes.

CME GroupCME Group Releases Q2, 2018 Aggregated Trading Volume Data

CME Group, the world’s largest futures exchange operator has released Q2, 2018 aggregated volumes, sharing some key trade statistics.

In Q2, 2018, the group reported an average daily volume of 18.4 million contracts, a fall of 17 per cent, quarter over quarter from 22.2 million contracts per day in Jan-March quarter. But on the yearly timetable, the overall gain was 12 per cent against Q2 of 2017.

The yearly growth was contributed by the strong performance in interest rate futures market which grew at a rate of 12 per cent YoY, Metals volumes up by 27 per cent from Q2, 2017. The strong performance in the first quarter was aided by heightened market volatility in February which extended till March across the segment.

CME, which owns the Chicago Board of Trade, said that daily Fx volumes rose 12 per cent year over year, coming in at 1 million contracts per day in Q2, 2018 but were down 9 per cent quarter-over-quarter from a record 1.1 million contracts per day in first-quarter 2018.