NEX Markets spot FX volumes 2% higher at $83 billion for August


Reporting for August a month-over-month change higher of 2%, NEX Group PLC (LON: NXG) sees their spot forex business steady, with FX volumes year-over-year a solid 27% greater.

August 2017 produced volumes on the company’s anonymous forex matching platform, EBS MarketFX of $83 billion, while July 2017 was just a touch lower at $81.6 billion.

During the last summer of August 2016, the spot FX business achieved just $65.5 billion.

NEX Group, formerly known as ICAP volume figures cover electronically traded products – spot foreign exchange, US Treasury products, European and US repo products.

Complete results are in the following table:

NEX Markets Volumes – August 2017

Average daily volume (in USD billions, single count)
AugustYoY% changeJulyMoM% change12 Months ended 31 August% change
20162017201720162017
US Treasury142.1131.2(8%)145.2(10%)160.3165.13%
US Repo219.0225.83%225.20%212.5224.05%
European Repo (in EUR billions)165.7228.038%228.00%172.7208.321%
Spot FX65.583.027%81.62%83.884.31%

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NEX Markets spot FX volumes 2% higher at $83 billion for August

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