Rebounding after a fairly weak Q4 with FX volumes declining for three consecutive months into December, data from Forex ECN FastMatch shows a nice rebound in January 2018, with one of the company’s best ever months.
FX trading volumes at FastMatch averaged $20.8 billion daily in January 2018, up 33% from $15.6 billion ADV in December, and much improved from an average of $17.1 billion during all of Q4-2017.
January 2018 was FastMatch’s third best month ever, slightly behind September 2017’s $20.9 billion and a record $22.5 billion ADV in May 2017.
FastMatch has been very active the past few months, outside of the FX volumes count. The company 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) during 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.