Following a typical holiday season slowdown in activity in December 2022, 2023 got off to a strong start in the institutional FX trading world with all leading eFX venues reporting an uptick in activity.
Overall, institutional FX trading volumes increased in January 2023 by 14% MoM, with each of Cboe FX, EuronextFX, FXSpotStream and 360T posting activity increases of between 5% and 21% as compared to December.
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