The main OTC FX platforms have now reported their June 2014 volumes.
Volumes up across the board, led by FXall which continues to power ahead delivering a new record volumes of $141bln/day up 11pct on May, compared to more modest gains for other platform ranging from +5% to +8%. In terms of YoY changes, FXall is still the only platform showing gains with a 14.6% gain on Jun 13, whereas all the other platforms are still showing hefty falls ranging from down -25% to -40% on a year ago.
The uptick in volumes is reflected in the CLS settlement platform, which also reported record volumes of $5.46trn/day, up 13% jump in terms of the value of trades submitted by banks for settlement.
FXall: $141bln/day in June a new record high, up 11% on May, and still 14.6% up compared to Jun 2013 level of $123bln/day.
Reuters Matching: $94bln/day in June, up 8% on the $87bln/day in May, but still down -36.1% compared to June 2013 level of $147bln/day.
EBS: $77bln/day in June, up 4.8% on the $73.5bln/day in May 2014, although still down a huge -40.2% compared to June 2013 level of $128.8bln/day.
Hotspot: $27.5bln/day in June, up 6.5% on the $25.9bln/day in May 2014, although still down -25.4% compared to June 2013 level of $36.9bln/day.
FX volumes for Reuters, FXall and EBS- June 2014
In terms of the CLS settlement system, increased volumes were reflected in a new record high of $5.46trn/day up 13.3%, with the average number of transactions submitted for clearing back over a million/day with a 5.1% increase on May.
CLS Settlement system volumes- June 2014
