Cboe FX Markets Sees 7% MoM Increase in Total Volume in June

Cboe FX Markets, a foreign exchange (forex) provider to the institutions, has published its monthly trading volume numbers for June 2021. The demand for the platform’s services increased on a month-on-month basis.

More specifically, the broker registered a total volume of $734 million, compared to $761 million in June 2020. That number for May is $683 million, showing a monthly increase of 7 percent. Average daily volume (ADV) for the month reached $33.3 billion, compared to $32.5 billion in the previous month. June had a total of 22 trading days. 

Cboe is additionally focusing on the expansion of its dominance in the markets. Yesterday, it announced to complete the acquisition of Chi-X Asia Pacific​ to establish a significant presence in the Asia Pacific region. Earlier this year, Cboe also announced the acquisition of BIDS Trading​, operates the largest block trading ATS by volume in the U.S., to expand its global footprint and diversify its product and service offerings in markets beyond U.S. equities and options.