Institutional Spot FX Activities Return Mixed Performance in July

<p>Trading
activities in spot foreign exchange among institutional investors returned
mixed results in July, according to the latest data from Cboe FX, Deutsche
Börse's 360T, FXSpotStream and Click 365. </p><p>Mixed
Performance</p><p>In the
United States, Cboe FX, a popular spot forex trading platform, handled a total
volume of $922 billion, which is a 4% decline from $965 billion a month
earlier. However, the average daily volume of spot FX on the platform rose
marginally by 0.01% to $43.9 billion, which is up from $43.8 billion. </p><p>Earlier in
June, spot FX activities on Cboe FX<a href="https://www.financemagnates.com/institutional-forex/institutional-adv-in-spot-fx-market-rises-for-the-2nd-month-in-a-row/" target="_blank" rel="follow"> jumped $30 billion higher</a> to reach $965.4
billion. The ADV generated by the platform also grew by $3 billion
month-over-month (MoM) during the period. It was the highest value achieved since
March this year.</p><p>Meanwhile,
<a href="https://www.financemagnates.com/tag/fxspotstream/" target="_blank" rel="follow">FXSpotStream</a>, a New Jersey-based provider of multibank price streaming services
for FX spot and swaps, produced a result similar to Cboe FX in July. The
platform saw its total spot FX volume decrease by 1.2% to $1.37 trillion, which
is down from $1.39 trillion a year earlier. On the contrary, the ADV of the
streaming services provider climbed by 3.3% from $62.9 billion in June to $63.1
billion.</p><p>Unlike
America, <a href="https://www.financemagnates.com/" target="_blank" rel="follow">Finance Magnates</a>’ analysis shows that some trading venues in Europe
produced higher results in July. For instance, 360T, one of the continent’s
biggest institutional FX trading platforms, reported a rise in its total
monthly spot volume. The daily volumes added up to $612.6 billion at the end of
July, which is up by 4% from $591 billion in the previous month. </p><p>However,
trading activities on <a href="https://www.financemagnates.com/tag/euronext-fx/" target="_blank" rel="follow">Euronext FX</a>, a top electronic communications network for spot FX trading in Europe, dropped by 4% to $492 billion. This is
even as the platform, which is operated by Euronext, a pan-European exchange
group, reported a drop in institutional demands, with volumes down from $514
billion a month earlier.</p><p>In Asia, FX
volumes also produced lower results. For instance, a total of 2,586, 333 FX
daily futures contracts were traded on Click 365, which is a 6% MoM and 7.9%
year-over-year decline in total monthly volumes. Information on the Tokyo
Financial Exchange, which operates Click 365, shows that the platform handled a
daily average of 123,162 contracts during the period. </p><p>Meta to launch 'Personas' AI bots; Conotoxia shows new feature; <a href="https://www.financemagnates.com/forex/news-nuggets-1-august-meta-to-launch-personas-ai-bots-conotoxia-shows-new-feature/" target="_blank" rel="follow">read today's news nuggets</a>.</p>

This article was written by Solomon Oladipupo at www.financemagnates.com.