Euronext has published its trading volumes for the month of August for its foreign exchange (forex) trading venue. According to the data, Euronext FX joins a list of trading providers to see yet another monthly drop in FX trading activity.
Previously known as FastMatch, Euronext FX reported a total trading volume of $397.8 billion for the month of August. When measuring this against the previous month, which recorded a total monthly volume of $407.9 billion, this represents a decline of around 2.5 per cent.
Euronext, which operates , recorded a daily average of $18.9 billion during the month of August, which had 21 trading days, according to the data seen by Finance Magnates.
With FX trading volumes down on a monthly comparison, how did August’s performance hold up year on year? Taking a look at the data, it appears that last month’s trading volumes were even lower when measured against August of 2019.
Specifically, for the same period of last year, August 2019, forex trading volumes came in at $490.9 billion for the month. Therefore, last months volume is weaker by about 19.0 per cent year on year. For August of last year, the average daily trading volume was $22.3 billion.
Throughout the whole of August 2020, the 27th of August achieved the strongest daily trading volume, with $24.1 billion changing hands during the day. The lowest trading volume was posted on the 10th of August 2020, with a daily volume of $13.8 billion.
Euronext FX volumes fall since March
Since the , trading volumes across the world have been on the decline. However, June offered a , despite the fact that historically, June is typically a quiet month due to it being summer in the northern hemisphere.
Following on from June, to the declining trend. Since yesterday, the first wave of trading providers have published their volumes for August, Euronext FX among them, and the picture hasn’t looked optimistic.
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