Click 365 Leads the Way in a Mixed December for FX

<p>Institutional
trading in the currency markets showed mixed results in the last month of 2023.
While Click 365, the FX platform of the Tokyo Stock Exchange (TSE), reported a
volume increase of over 5%, not all institutions worldwide saw positive
results.</p><p>December Decline in FX ADV</p><p>The latest
data for Click 365, published today (Thursday), showed that the number of FX
market transactions increased to 2,344,890, up <a href="https://www.financemagnates.com/institutional-forex/cboe-fx-outperforms-in-a-month-of-mixed-currency-trading-results/" target="_blank" rel="follow">5.4% compared to November</a>.
The average daily volume (ADV) was 111,661. However, in a yearly comparison,
the TSE's currency platform experienced a steeper decline, almost 23% lower
than the results from December 2022.</p><p>Regarding
overall institutional demand for <a href="https://www.financemagnates.com/terms/f/forex-trading/">forex trading</a>, the results were mixed. Finance
Magnates reported yesterday (Wednesday) the outcomes for CboeFX,
FXSpotStream, Deutsche Börse's 360T, EuronextFX, and Saxo Bank.</p><p><a href="https://www.financemagnates.com/institutional-forex/institutional-fx-demand-remains-mixed-in-december-overall-adv-falls-2/" target="_blank" rel="follow">For CboeFX
and FXSpotStream</a>, values decreased, contributing to 2% shrinkage in overall
ADV for the industry. The total spot forex trading volume for CboeFX last month
was $890.4 billion, marking a drop of 11.7% month-to-month (MoM). This was the
lowest monthly result for the American platform since April of the previous
year. Year-over-year, the monthly volume increased by over 15%.</p><p>FXSpotStream,
an FX liquidity electronic distribution provider, also followed this trend with
a MoM decrease of 7.5% in ADV, totaling $64.8 billion. Of this, spot transactions
contributed $49.2 billion to the ADV, while the remaining $15.6 billion was
attributed to other streams. Despite the monthly decline, the total ADV
improved 12.51% year-over-year.</p><p>Opposing the FX Market
Trend</p><p>In
contrast, trading demand on European platforms increased. Last month, Deutsche
Börse's 360T platform reported a slight rise in ADV, reaching $27.688 billion,
an increase of 2.2% compared to the previous month's data.</p><p>EuronextFX,
formerly known as FastMatch, also saw increased activity in December. The
platform's ADV for the month was $24.481 billion, up 0.7% compared to
November.</p><p>Saxo Bank
additionally shared its December volumes, reporting a surge in <a href="https://www.financemagnates.com/terms/f/forex/">forex</a> market activity.
<a href="https://www.financemagnates.com/forex/fx-volume-on-saxo-pushes-decembers-overall-figure-higher/" target="_blank" rel="follow">According to official data</a>, FX trading volumes rose 13.6% month-to-month to
$13.8 billion, the highest since March of the previous year.</p><p>Saxo, with its international reach, <a href="https://www.financemagnates.com/forex/brokers/saxo-enables-trading-with-9-crypto-fx-trading-pair-on-tradingview/" target="_blank" rel="follow">provides contracts for differences in cryptocurrencies</a> across various markets in the Asia-Pacific region. Despite this, the firm does not regularly disclose specific data regarding these activities. During the initial six months of 2023, the company achieved <a href="https://www.financemagnates.com/institutional-forex/saxo-banks-h1-2023-profit-soars-34-despite-low-trading-activity/" target="_blank" rel="follow">an operating profit of DKK 520 million</a>, marking a rise of 34%.</p>

This article was written by Damian Chmiel at www.financemagnates.com.