SIX, FXSpotStream, FastMatch, Cboe FX, and GTX present November volumes

SIX Swiss Exchange turnover up 6.8% MoM

Six Swiss Exchange has published its trading activity numbers which have risen significantly in the YTD comparison, up 6.3% YoY, by CHF 1,245.1 billion. The number of trades rose even higher, by 8.4% YoY, to 47,453,956.

The swiss company, that has recently upgraded its trading platform and turned to blockchain with Nasdaq, has broken a new record annual ETF turnover in November 2017. That month found impressive trading turnover MoM, up 6.8% to CHF 115.0 billion.

FXSpotStream getting closer to all-time high
November was the third best month ever for FXSpotStream, with trading activity coming in at  $22.1 billion, up 11% from October’s $19.9 billion. Not enough to break September’s record of $23.9 billion. 

FXSpotStream added State Street as the 13th bank providing liquidity in late September. The addition of State Street adds to the liquidity available from FXSpotStream’s existing liquidity providers, which include BofA Merrill Lynch, BTMU, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Standard Chartered and UBS.

FastMatch volume ticks 1% lower in November

Forex ECN FastMatch, recently acquired by Euronext NV from Global Brokerage, Credit Suisse and BNY Mellon Corp for $153 million, reported its November trading metrics indicating a month-over-month decline of 1% from October.

Given the steady growth in trading activity seen throughout the year, November’s figures are still very uplifting. Average daily volume in November was $17.8 billion, 1% lower than October’s $18.0 billion ADV, which has already dropped from September‘s $20.9 billion ADV. The record-high to target is May 2017’s $22.5 billion ADV. 

Cboe FX Markets at best month since SNB ‘flash crash’

Forex ECN Cboe FX Markets, formerly known as Hotspot FX, was able to report strong November metrics, with trading activity climbing by 6% from October’s $32.0 billion. Being the best month since the Swiss SNB ‘flash crash’ in January 2015, with reported volumes at $34.3 billion ADV, trading activity averaged $33.9 billion in November. 

EURUSD was the most traded currency pair, with 22.8% of total trading, followed by USDJPY (16.1%), GBPUSD (10.9%), AUDUSD (7.3%), and USDCAD (6.4%).

GAIN Capital’s GTX flat in November

Finally, retail forex broker Gain Capital’s institutional FX arm GTX has published flat trading volumes in November, similarly to October. Down by only $2 billion in total trading volumes, GTX reported $321 billion in November, barely changed from $323 billion in October. Average daily volume came in at $14.6 billion in November, slightly down from $14.7 billion ADV in October.