With 2019 now behind us, exchanges, brokers, and trading providers are now publishing their monthly trading volumes for the last month of the year. And despite weak volumes in the third quarter, Cboe has reported an uptick in spot foreign exchange (forex) trading, ending the year nicely for the company.
November was a particularly month rough for trading providers across the globe. As , Cboe, alongside other companies, reported a sizeable drop in FX trading. In particular, Cboe posted a trading volume of $598.3 billion in November.
Despite December usually being a quiet month due to the holiday period, the recorded a total trading volume of $628.1 billion during the month. This represents an uptick of around 5.0 per cent when measured against the previous month.
On a yearly comparison, however, 2019’s holiday season didn’t deliver the perfect Christmas present. That’s because trading volumes were actually lower on a year-on-year comparison by 6.4 per cent.
Q4 sees worst quarterly volume in 2019
According to the data, for the final quarter of 2019, the exchange achieved a total trading volume of $1.95 trillion, with an average daily volume of $30.1 billion. The fourth quarter’s spot FX trading volume was the weakest in 2019.
The strongest quarterly performance was achieved in the first quarter of last year, with Cboe posting a volume of $2.3 trillion and an average daily traded volume of $36.5 billion. Interestingly, the first quarter of 2019 has the least amount of trading days, at 63.
The 13th of December had the highest daily trading volume of the month, coming in just under $56.5 billion. The worst trading day for the company was on Boxing Day, the 26th of December, which recorded a trading volume of $7.5 billion.
Be First to Comment