Institutional electronic FX platform FastMatch saw its trading volumes rise in April 2016 in both monthly and annual terms.
Average daily volumes amounted to $10.8 billion in April 2016, up 6.9% from the result of $10.11 billion registered in March 2016. In annual terms, the comparison was even more positive, as the ADV in April 2016 marked a 35% rise from the ADV of $8 billion reported for April 2015.
The strongest day for trading activity in April 2016 was April 28th ($15.3 billion in daily volumes), whereas the weakest trading activity ($7.8 billion in daily volumes) was marked on April 4th.
April was eventful for FastMatch in terms of reshaping of its FX sales team. The company said goodbye to Andrew Gibson and added former Citigroup eFX executive Nick Hamilton and Soren Klausen to its European FX Sales team.