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Screenshot of a breaking news alert e-mail from Q2 2017
Institutional electronic FX platform FastMatch had a calm March, with trading activity obviously affected by seasonal factors like Easter holidays.
Average daily volumes amounted to $10.11 billion in March 2016, down 9% from the result of $11.1 billion registered in February 2016. In annual terms, the comparison was much better, as the reading for March 2016 was up 23.2% from the reading of $8.2 billion reported in March 2015.
The FX ADV last month was the third strongest for FastMatch since December 2014.
Let’s also note that FastMatch introduced substantial fee reductions in the beginning of March. For example, the fee for clients trading more than ADV $2 billion notional is $1.50 per million notional, whereas trading is free on all volume above ADV $3 billion notional on FastMatch anonymous ECN.