Demand for spot foreign exchange on the Moscow Exchange (MOEX) rose slightly to 7.9 trillion Russian rubles ($98 billion) in May, representing a 4% increase from the previous month’s 7.6 trillion rubles ($94 billion). The increase from Russia is greater exchange
exchange
An exchange is known as a market that supports the trading of derivatives, commodities, securities and other financial instruments, and in general, an exchange can be accessed through a digital platform or sometimes at a physical address where investors organize to perform trading. Among the main responsibilities of the stock exchange is to support honest and fair trading practices. These are useful in ensuring that the distribution of subsidized security rates on this exchange is effective
An exchange is known as a market that supports the trading of derivatives, commodities, securities and other financial instruments, and in general, an exchange can be accessed through a digital platform or sometimes at a physical address where investors organize to perform trading. Among the main responsibilities of the stock exchange is to support honest and fair trading practices. These are useful in ensuring that the distribution of subsidized security rates on this exchange is effective
Read this term Collective records with higher trading volumes in other major institutional forex trading venues around the world.
According to trading volumes for the month of May released MOEX on Friday posted a slight increase in FX volumes in the past month despite a 4% drop in the overall FX market. Total forex trading volumes during the month reached 21 trillion Russian rubles ($260 billion), down from 21.9 trillion rubles ($271 billion) in the previous month. In addition, swaps and futures deals totaled 13.1 trillion Russian rubles ($162 billion) last month, down from 14.3 trillion rubles ($177 billion) in the previous month.
In comparison, MOEX’s total FX market volume failed to outpace strong market activity in March when the total volume reached RUB 24.7 trillion (USD 306 billion). However, when compared year on year, total foreign exchange volume in March increased by 31% from 16.1 trillion Russian rubles ($199 billion) in May 2022.
Moreover, the average daily trading volume (ADTV) of forex activities on MOEX shrank by 8% to 1001.6 billion Russian rubles ($12 billion), which was down from 1093.6 billion rubles ($14 billion) in the previous month. However, compared to last year, ADTV expanded by 12% from 892.3 billion Russian rubles ($11 billion) in May 2022.
Institutional demand for forex rises in May
Globally, activity in spot forex among institutional investors picked up in May, outpacing the low orders recorded in April. For example, Cboe FX, which is an American spot exchange trading platform
trading platform
In the forex space, a currency trading platform is software offered by brokers to their respective client base, giving them access as traders to the broader market. Most commonly, this mirrors an online interface or a mobile app, complete with order processing tools. Every broker needs one or more trading platforms to cater to different clients. Being the backbone of the company’s offering, the trading platform provides clients with quotes and a selection of tools to trade, real
In the forex space, a currency trading platform is software offered by brokers to their respective client base, giving them access as traders to the broader market. Most commonly, this mirrors an online interface or a mobile app, complete with order processing tools. Every broker needs one or more trading platforms to cater to different clients. Being the backbone of the company’s offering, the trading platform provides clients with quotes and a selection of tools to trade, real
Read this termit handled spot trading volume by 18.2% last month, with total trades of $938.9 billion.
Another US platform, FXSpotStream, a New Jersey-based multi-bank price streaming service provider for the forex and swaps market, saw $1.28 trillion in total monthly trading volumes in May. This represents an increase of 16% compared to $1.1 trillion in April.
In Europe, 360T from Deutsche Börse, one of the largest institutional forex trading platforms on the continent, posted 17% growth in spot volume, with deals worth $593.6 billion in May. The volume jumped from $507 billion in the previous month.
Moreover, Japan’s Click 365 registered a similar growth pattern as the total volume of daily forex futures contracts traded on the platform swelled by 31.4% to 24 million. This came in at a daily average of 108,365 contracts. However, on a yearly basis, the volume of the Tokyo platform operated by the TSE decreased by 17.3%.
Meanwhile, despite increases in spot trading volumes in May, Cboe FX, FXSpotStream and 360T failed to outpace the number of trading activities as of March 2023.
Demand for spot foreign exchange on the Moscow Exchange (MOEX) rose slightly to 7.9 trillion Russian rubles ($98 billion) in May, representing a 4% increase from the previous month’s 7.6 trillion rubles ($94 billion). The increase from Russia is greater exchange
exchange
An exchange is known as a market that supports the trading of derivatives, commodities, securities and other financial instruments, and in general, an exchange can be accessed through a digital platform or sometimes at a physical address where investors organize to perform trading. Among the main responsibilities of the stock exchange is to support honest and fair trading practices. These are useful in ensuring that the distribution of subsidized security rates on this exchange is effective
An exchange is known as a market that supports the trading of derivatives, commodities, securities and other financial instruments, and in general, an exchange can be accessed through a digital platform or sometimes at a physical address where investors organize to perform trading. Among the main responsibilities of the stock exchange is to support honest and fair trading practices. These are useful in ensuring that the distribution of subsidized security rates on this exchange is effective
Read this term Collective records with higher trading volumes in other major institutional forex trading venues around the world.
According to trading volumes for the month of May released MOEX on Friday posted a slight increase in FX volumes in the past month despite a 4% drop in the overall FX market. Total forex trading volumes during the month reached 21 trillion Russian rubles ($260 billion), down from 21.9 trillion rubles ($271 billion) in the previous month. In addition, swaps and futures deals totaled 13.1 trillion Russian rubles ($162 billion) last month, down from 14.3 trillion rubles ($177 billion) in the previous month.
In comparison, MOEX’s total FX market volume failed to outpace strong market activity in March when the total volume reached RUB 24.7 trillion (USD 306 billion). However, when compared year on year, total foreign exchange volume in March increased by 31% from 16.1 trillion Russian rubles ($199 billion) in May 2022.
Moreover, the average daily trading volume (ADTV) of forex activities on MOEX shrank by 8% to 1001.6 billion Russian rubles ($12 billion), which was down from 1093.6 billion rubles ($14 billion) in the previous month. However, compared to last year, ADTV expanded by 12% from 892.3 billion Russian rubles ($11 billion) in May 2022.
Institutional demand for forex rises in May
Globally, activity in spot forex among institutional investors picked up in May, outpacing the low orders recorded in April. For example, Cboe FX, which is an American spot exchange trading platform
trading platform
In the forex space, a currency trading platform is software offered by brokers to their respective client base, giving them access as traders to the broader market. Most commonly, this mirrors an online interface or a mobile app, complete with order processing tools. Every broker needs one or more trading platforms to cater to different clients. Being the backbone of the company’s offering, the trading platform provides clients with quotes and a selection of tools to trade, real
In the forex space, a currency trading platform is software offered by brokers to their respective client base, giving them access as traders to the broader market. Most commonly, this mirrors an online interface or a mobile app, complete with order processing tools. Every broker needs one or more trading platforms to cater to different clients. Being the backbone of the company’s offering, the trading platform provides clients with quotes and a selection of tools to trade, real
Read this termit handled spot trading volume by 18.2% last month, with total trades of $938.9 billion.
Another US platform, FXSpotStream, a New Jersey-based multi-bank price streaming service provider for the forex and swaps market, saw $1.28 trillion in total monthly trading volumes in May. This represents an increase of 16% compared to $1.1 trillion in April.
In Europe, 360T from Deutsche Börse, one of the largest institutional forex trading platforms on the continent, posted 17% growth in spot volume, with deals worth $593.6 billion in May. The volume jumped from $507 billion in the previous month.
Moreover, Japan’s Click 365 registered a similar growth pattern as the total volume of daily forex futures contracts traded on the platform swelled by 31.4% to 24 million. This came in at a daily average of 108,365 contracts. However, on a yearly basis, the volume of the Tokyo platform operated by the TSE decreased by 17.3%.
Meanwhile, despite increases in spot trading volumes in May, Cboe FX, FXSpotStream and 360T failed to outpace the number of trading activities as of March 2023.