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Screenshot of a breaking news alert e-mail from Q2 2017
Looks like it will be a June to remember for eFX trading platforms.
The latest institutional FX platform to report great June numbers is FastMatch, which saw volumes rise 44% MoM over May to average $16.3 billion for the month. FastMatch’s previous best month was November 2014 at $12.2 billion.
June volumes at FastMatch were helped by the one-day record of $39.8 billion in trades seen on Brexit Friday.
FastMatch is jointly owned by retail forex broker FXCM Inc (NYSE:FXCM) and commercial banks Credit Suisse and BNY Mellon.