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FX Trading Demand on Cboe Remains Flat in June

Cboe FX Markets, an institutional venue for spot  forex trading  , published the trading metrics for June, showing almost a flat trading demand. The total trading volume for the month came in at $873.7 billion, slightly above the previous month’s $870.4 billion. That was a monthly jump of around 4 percent.

However, the institutional spot trading demand skyrocketed on a yearly basis. There was an increase of almost 19 percent in the latest monthly trading volume when compared with the same month of the previous year.

The platform closed in June with an average daily volume (ADV) of $39.7 billion. Though the figure remained close to the previous month’s $39.5 million, it jumped by more than 19 percent from June 2021. All these months had 22 trading days.

A Good Quarter

The  trading platform  , which is operated by one of the United States’ largest derivatives exchanges, also collated the trading metrics for the evaluation of quarterly demand. It ended the second quarter of the year, between April and June, with a total trading volume of $2.52 trillion. It was marginally lower than the previous quarter but came in 25 percent higher than the same quarter of the previous year.

Meanwhile, Cboe is also focused on expanding its industry presence. It recently completed the acquisition of fintech firm NEO and crypto exchange ErisX. While the deal with ErisX would provide the American derivatives giant access to the digital asset industry, NEO, which consists of NEO Exchange and NEO Connect, would allow it to support clients in Canada with innovative and technology-driven products.

Cboe FX Markets, an institutional venue for spot  forex trading  , published the trading metrics for June, showing almost a flat trading demand. The total trading volume for the month came in at $873.7 billion, slightly above the previous month’s $870.4 billion. That was a monthly jump of around 4 percent.

However, the institutional spot trading demand skyrocketed on a yearly basis. There was an increase of almost 19 percent in the latest monthly trading volume when compared with the same month of the previous year.

The platform closed in June with an average daily volume (ADV) of $39.7 billion. Though the figure remained close to the previous month’s $39.5 million, it jumped by more than 19 percent from June 2021. All these months had 22 trading days.

A Good Quarter

The  trading platform  , which is operated by one of the United States’ largest derivatives exchanges, also collated the trading metrics for the evaluation of quarterly demand. It ended the second quarter of the year, between April and June, with a total trading volume of $2.52 trillion. It was marginally lower than the previous quarter but came in 25 percent higher than the same quarter of the previous year.

Meanwhile, Cboe is also focused on expanding its industry presence. It recently completed the acquisition of fintech firm NEO and crypto exchange ErisX. While the deal with ErisX would provide the American derivatives giant access to the digital asset industry, NEO, which consists of NEO Exchange and NEO Connect, would allow it to support clients in Canada with innovative and technology-driven products.

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