CBOE, the largest US options exchange has reported its monthly volumes for the month of March, revealing a turnaround of performance after the disappointing performance in February.
The firm reported an FX trading volume of $809,511 in March, which is 17.3 per cent higher when compared to the previous month at $609,395. The average daily volume came in at $38,548, which is 11.7 per cent higher compared to that of February. Overall this is the highest trading volume recorded in this year and is also highest since October of last year.
Despite the turnaround in performance, when compared to the yearly timeframe, the volume figures looks dismissal. On an annual comparison, the trading volume fell by 3.44 per cent, down from $838,366 in March of 2018.
Taking a look at the trading volumes in the first quarter of 2019, total volume has been achieved at $ 2,299,044, translating to an ADV of $36,493, which is 0.9 per cent higher compared to the previous quarter.
FxSpotStream, the aggregator service provider of LiquidityMatch LLC witnessed a rebound in trading activity after a notable dip in volumes in February. The average daily trading volumes at FxSpotStream platform in March is reported at $37.75 billion, which is 8.4 per cent higher on a monthly timeframe and 37 per cent higher on a yearly timeframe from $27.54 billion in March 2018.
For the month, total trading volume came in at $792 billion, which 14 per cent higher on a month-on-month basis from $696 billion and 30 per cent higher on a year-on-year basis from $606 billion.
FastMatch, the FX trading venue of Euronext has reported a strong rebound in operating performance in March with total trading volume coming in at $441.8 billion, which is 22 per cent higher from $363 billion in February 2019.
The average daily volume in the spot foreign exchange market came in at $21 billion which 16 per cent higher on a month-on-month basis from $18.14 bn and is also highest since August 2017.
The strong performance is driven by the company’s expansion in the Asian market through the availability of its technology platform to become one of the dominant players in the market.