Institutional FX Trading Volume Witnesses Overall Drop in April 2022

The trading volumes of leading institutional FX and ECN platforms in April 2022 have been revealed, generally showing an overall decrease, with only one venues reflecting an increase.

The report covers Average Daily Volume (ADV) of institutional FX trading volumes from eight major venues, namely Cboe FX, CLS, Euronext FX, FxSpotStream, Integral, Moscow Exchange, Refinitiv and PrimeXM, as shown in the chart below.

Cboe FX, CLS, Euronext FX, FxSpotStream, Integral, Moscow Exchange and Refinitiv all reported a decline in average daily FX trading volumes in April versus March, with PrimeXM reflecting an increase of 1.36 percent.

Overall, Cboe FX has the biggest percent of MoM decrease of 16.72 percent, followed by CLS with 13.64 percent and Integral with 13.09 percent. Euronext FX, FxSpotStream, Moscow Exchange and Refinitiv are showing an decrease of 5.67 percent, 12.64 percent, 6.61 percent and 8.93 percent respectively.

The detailing trading volumes for each venues are as follows:

Cboe FX

Cboe FX has reported $37.01 billion ADV, an decrease of 16.72% compared to $44.44 billion in March 2022.

CLS

CLS' FX spot average daily traded volumes rose 14% in April, contributing $475 billion to the total volume. The total average daily traded volume submitted to CLS reached $1.86 trillion, an increase of 5% compared to April 2021. In addition, on a month-on-month basis, volumes were down 12.5%.

Euronext FX

Euronext FX's average daily volumes (ADV) was $24.63 billion in April 2022, which represents a decline of 5.67 percent compared to March 2022.

FxSpotStream

FxSpotStream registered an increase of a 25.8% YoY increase to $61.25 billion in Average Daily Volume (ADV) during 21 trading days in April. 

FXSpotStream posts a total trading volume of $1.286 in April, up by 20.00% compared with the same month in 2021. FXSpotStream's ADV in April has declined 12.6% MoM.

Integral

The customers' average daily volumes (ADV) across Integral platforms totaled $49.8 billion in April 2022. This represents a decrease of -13.1% compared to March 2022 and an increase of +15.0% compared to the same period in 2021.

Moscow Exchange

Moscow Exchange's average daily volumes (ADV) was $17.65 billion in April 2022, which represents a decline of 6.61 percent compared to March 2022.

Refinitiv

Refinitiv's average daily volumes (ADV) was $102 billion in April 2022, which represents a decline of 8.93 percent compared to March 2022.

PrimeXM

The ADV in April was $57.45 billion, this marks +1.37% MoM growth vs March and a strong +34.41% YoY increase.