Leading off our reports of FX trading volumes for July by leading Retail and Institutional eFX platforms, Forex ECN FastMatch data shows a 9% drop in activity from June volumes.
FX trading volumes at FastMatch averaged $18.0 billion daily in July – the company’s second consecutive monthly volume decline – as compared to $19.7 billion in June and a record $22.5 billion in May.
FastMatch’s figures portend a fairly slow month of July in the FX trading space, although activity did seem to be stronger in the second half of the month as the Euro, British Pound and Canadian Dollar (among other currencies) went on a run against the US Dollar in the final week of the month.
FastMatch’s three owners, Global Brokerage Inc (NASDAQ:GLBR), Credit Suisse and BNY Mellon Corp, announced in late May that they are selling 90% of the company to Euronext NV (EPA:ENX) for $153 million. Closing of the deal is expected later in Q3 2017, subject to regulatory and anti-trust approvals.