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Screenshot of a breaking news alert e-mail from Q2 2017
Leading off our reports of FX trading volumes for June by leading Retail and Institutional eFX platforms, Forex ECN FastMatch data shows a 12% drop in activity from May volumes.
FX trading volumes averaged $19.7 billion daily at FastMatch in June, down from a record $22.5 billion in May.
FastMatch’s figures portend a fairly slow month of June in the FX trading space, although activity did seem to be stronger in the second half of the month as the Euro and Canadian Dollar (among other currencies) went on a run against the US Dollar in the final week of June.
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 in Q3 2017, subject to regulatory and anti-trust approvals.