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…
Read moreLooks like June's Brexit-driven volatility and record FX trading volumes didn't fully spill over into July. As we begin to review the July FX trading volumes at leading retail and institutional eFX platforms, FastMatch is reporting that volumes in its system fell 21% MoM from June (a record month for FastMatch) to average $12.9 billion ADV for the…
Read moreLooks 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…
Read moreOne of the big winners from the post-Brexit panic of trading were institutional Forex ECN platforms, which saw a huge ramp-up in trading volumes on Friday in the aftermath of the VoteLeave victory in the UK Brexit referendum. Thankfully these ECNs - whose income is directly linked to volumes - seemed to operate in a…
Read moreGoing against the trend we have seen so far for May, institutional electronic FX platform FastMatch has reported an up month with FX trading volumes hitting $11.4 billion daily in May, up 5% from April. Other results we have seen so far from Hotspot FX and Gain Capital's GTX division indicate a slowdown in institutional…
Read moreMultibank FX aggregation service FXSpotStream might have surprised some folks today when they - for the first time - announced the FX trading volumes supported on their system, as well as the size of those volumes. First off, the data. FXSpotStream reported that April volumes on its system averaged $18 billion (single count) daily, 2%…
Read moreInstitutional 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…
Read moreLeapRate Exclusive... LeapRate has learned that institutional electronic FX platform FastMatch has continued to change up and grow its FX sales team, with the addition of Soren Klausen as Director of Sales - Europe. Klausen be based in London, and will report directly to Paul Ainsworth, Global Head of Sales. Klausen joins FastMatch after spending the last…
Read moreLeapRate Exclusive... LeapRate has learned that Andrew Gibson has left institutional electronic FX platform FastMatch, following just four months on the job as Director of Sales for Europe. We had reported that the very colorful Mr. Gibson had joined FastMatch late last year from Tradair, where he was Global Sales Director. His tenure at TradAir was also…
Read moreLeapRate has learned that Nick Hamilton has joined institutional electronic FX platform FastMatch as of April 11th, as the Director of Sales - Europe. Nick joins FastMatch after 3+ years at Citigroup Inc (NYSE:C) where he was responsible for eFX Sales out of London to UK Hedge Funds including Global Macro Hedge Funds, CTAs and Systematic Funds. Prior…
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