Institutional Spot FX Trading Volume in July 2025 Falls 4.76% Monthly

In July 2025, institutional spot FX trading volumes on major platforms continued their downward trend. Among the five major venues—Cboe FX, Euronext FX, FxSpotStream, 360T, and CME EBS—the total volume dropped by 4.76% month-on-month, with the exception of FxSpotStream, being the only one to achieve a monthly growth of 2.21%. The sharpest decrease was recorded by CME EBS, down 11.79%. The detailed trading volumes are as follows:

Cboe FX

In July 2025, Cboe FX's spot ADV was US$45.59 billion, compared to US$48.309 billion in June, marking a 5.63% decrease.

Euronext FX

In July 2025, Euronext FX's spot ADV was US$25.421 billion, down 8.10% from US$27.661 billion in June.

FxSpotStream

In July 2025, FxSpotStream's spot ADV was US$68.394 billion, a 2.21% growth from US$66.913 billion in June.

360T

In July 2025, 360T's spot ADV was US$33.417 billion, compared to US$33.892 billion in June, a 1.40% decrease.

CME EBS

In July 2025, CME EBS's spot ADV was US$56.1 billion, down 11.79% from US$63.6 billion in June.