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Screenshot of a breaking news alert e-mail from Q2 2017
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).