Continuing a very strong start to the year, Forex ECN FastMatch has reported that April 2018 FX trading volumes edged up by 3% versus March, averaging $19.4 billion daily.
After seeing two of its best months ever in January and February, FastMatch FX trading volumes declined by 11% MoM in March 2018 to $18.8 billion ADV, but as noted rebounded somewhat during April.
By comparison, FastMatch averaged $17.1 billion ADV during all of Q4-2017.
As was exclusively reported at LeapRate in February, FastMatch saw fairly weak Revenues of just €1.57 million monthly in the last few months of 2017. However, given the uptick in trading volumes, it looks like those figures will improve in early 2018.
FastMatch has been very active the past few months, outside of the FX volumes count. In March the company named Alain Courbebaisse as its new Chairman, replacing Lee Hodgkinson. FastMatch announced the opening of a new sales office in Greenwich CT late last year, located near some of its major customers. FastMatch also recently stated that it was opening up its FX tape data to the general public.
FastMatch also got a new look and logo (see above) in December from new owner Euronext NV (EPA:ENX). FastMatch’s three shareholders – Global Brokerage Inc (NASDAQ:GLBR), Credit Suisse and BNY Mellon Corp – announced in May 2017 that they were selling 90% of the company to Euronext for $153 million. The transaction closed in mid August.