Institutional FX Trading Volumes Shows 19.8% Rise in January 2022

The trading volumes of leading institutional FX and ECN platforms in January 2022 have been revealed, generally showing an overall increase, with only one venue reflecting a slight drop.

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The report covers Average Daily Volume (ADV) of institutional FX trading volumes from seven major venues, namely Cboe FX, CLS, Euronext FX, FxSpotStream, Integral, Moscow Exchange and PrimeXM.

Institutional FX volumes reflected a slight increase, from $81.63 billion in December 2021 to $97.84 billion in January 2022 on average levels. Cboe FX, CLS, Euronext FX, FxSpotStream, Integral and PrimeXM all reported a rise in average daily FX trading volumes in January versus December, with Moscow Exchange reflecting a slight decrease.

The detailing trading volumes for each venues are as follows:

​Cboe FX

Cboe Global Markets, Inc. (Cboe: CBOE) reported its January global FX spot trading volume, with $36.561 billion total average daily notional value (ADNV) in 21 trading days, which represents an increase of 23 percent compared to December 2021.

CLS

CLS saw average daily traded volumes of USD1.878 trillion in January, increasing 10 percent compared to December 2021 and a decrease of 3% compared to January 2021.

Over the same period, FX spot and forward volumes both decreased by 2%, while FX swap volumes were down 3%.

Euronext FX

Euronext FX's average daily volumes (ADV) is $22.34 billion in January 2021, which represents a rise of 26 percent compared to December 2021.

FxSpotStream

In January, FxSpotStream's ADV stood at $52.99 billion, which was up by 23.53 percent compared to December 2021. The ADV rose by 8.1 percent when compared to the same period last year.  

Integral

Integral's average daily volumes (ADV) across Integral platforms totalled $48.7 billion in January 2022, which represents an increase of 9.2 percent compared to December 2021 and an increase of 6.3 percent compared to the same period in 2020.

Moscow Exchange

In January 2022, total trading volumes across Moscow Exchange’s markets grew by 36.5% to RUB 87.2 trillion (RUB 63.9 in January 2021).

FX Market trading volume grew by 18.2% to RUB 27.0 trillion (January 2021: RUB 22.9 trillion), with spot trades totalling RUB 10.0 trillion and swap trades and forwards totalling RUB 17.0 trillion.

ADTV on the FX Market was RUB 1,286.8 trillion (USD 16.8 trillion), compared to RUB 1,203.6 trillion (USD 16.2) in January 2021.

PrimeXM

registered a total of $1.19 trillion in monthly trading volume in January 2022 across the 4 major Data Center locations, which saw a 13% MoM growth and a remarkable 34% YoY improvement comparing last year's $883.26 billion.

The Average Daily Volume (ADV) in January was $56.49 billion. The highest daily trading volume of the month was recorded on 24th January with $75.48 billion turnovers. The total number of trades was 32.48 million which is an over 15% YoY increase comparing to last year's 28.22 million trades.