FastMatch FX volumes drop 20% in August to $10.3 billion ADV


Beginning what we believe will be a series of fairly slow August trading volume reports by both retail and institutional Forex platforms, Forex ECN FastMatch is reporting that volumes in its system fell 20% MoM from July, to average $10.3 billion ADV for the month – August being its slowest month so far in 2016.

We’d remind LeapRate readers that July volumes were 21% below June (a record month for FastMatch) when Brexit-driven volatility drove volumes at FastMatch to $16.3 billion ADV.

FastMatch is jointly owned by retail forex broker FXCM Inc (NYSE:FXCM) and commercial banks Credit Suisse Group AG (ADR) (NYSE:CS) and BNY Mellon Corp (NYSE:BK).

FastMatch volume graph Aug2016

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FastMatch FX volumes drop 20% in August to $10.3 billion ADV

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