Institutional FX volumes show mixed results in July 2020
Source: FNG Gerald Segal
- July 2020 total volumes $690.7 billion, or ADV $30.03 billion, -13.3% MoM
- July 2020 ADV $17.7 billion, -19.5% MoM from June’s $22.0 billion.
- PrimeXM recorded a total of $939.35 billion in monthly trading volume in July across the 3 Data Center locations, which was an 8% improvement comparing last month’s trading activities.
- The Average Daily Volume (ADV) in July was $40.84 billion, this represents MoM 3.29% increase on ADV.
- The total number of trades during July was 27.37 million, a slight drop of 3.32% which indicated the average trade size has increased MoM.
- 76% of the overall monthly traded volume was registered in the Data Center located in London LD4, more than $713 billion in notional value. The other 2 major Data Centers in TY3 and NY4 recorded a monthly trading volume of $119.08 billion and $106.70 billion, respectively.
- The most-traded instrument in July was XAUUSD with $217.5 billion which represented a substantial growth of 42% compared to June as the gold price has continued to make new highs over the last month; major FX pairs EURUSD and GBPUSD remained as the most popular trading instruments following XAUUSD with $169.3 billion and $123.6 billion.
- Today average daily volumes (ADV) across Integral platforms totaled $37.4 billion in July 2020. This represents an increase of 6.6% compared to June 2020, and an increase of 9.7% compared to the same period in 2019.
- ADV of USD40.414billion, an increase of 11.43% YoY vs July ’19..
- ADV MoM (July ’20 vs June ’20) decreased 6.64%, following our third highest month ever in terms of ADV.
- July registers as the fourth month of 2020 with an ADV over USD40billion, with March breaking the USD60billion mark for the first time ever.
- 2020 ADV (Jan-July) of USD42.969billion, is up 17.58% when compared to the same period during 2019 of USD36.546 billion
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