NEX Markets released its latest monthly volume data. During the month of December, average daily trading volume (ADTV) of the Spot FX unit reached $65.5 billion, a setback of 21% from November’s results, when the unit experienced an average of $82.8 billion per day.
The twelve-month period ending December 31 appears to have fared much better, despite a minor decline of 3% to $82.7 billion from 2016’s daily average of $85.5 billion.
Meanwhile, US Treasuries continued the downward trend seen in the Spot FX unit. December’s numbers fell 2% to $148.5 billion, slightly dipping from November when trading averaged $152.2 billion each day. The yearly figures illustrate a similar trend, with 2017’s numbers being released at $160.7 billion, down 4% from 2016’s daily average volume of $167.2 billion.
Nex’s ADTV data is not all on the downtrend. Both the US and European Repo units showed positively in December, recording increases from November of 11% and 23%, respectively. During 2016, the daily volume of the US Repo unit averaged $228.8 billion, up 5% from 2016’s daily average. The most dramatic rise was on the European Repo market, with a boost of 27% to $225.8 billion per day, compared with $177.3 billion in 2016.
Advanced analytics service
NEX Markets is the electronic markets subsidiary of NEX Group, and is responsible for of the company on a monthly basis. In addition to its handling of volume reports, the company . According to the company website, the “advanced analytics service gives EBS clients greater insight into their trading performance.” In addition, it provides “access to real-time, historical and end-of-day analysis for a clearer picture of the FX trading environment.”
As 2018 gets underway, it will be interesting to see the direction in which investors choose to allocate their funds. As a result of the cryptocurrency craze, as well as rising global interest rates, it is possible that this year brings about changes in investment preferences.
Be First to Comment