October 2024 saw an across-the-board decline in institutional FX spot trading volumes at leading eFX venues, marking the second monthly decline in a row, and that despite some healthy volatility in leading currency pairs leading up to what looks like will be a very closely contested US election.
Each of FXSpotStream, Cboe FX, 360T, and EuronextFX posted trading volume decreases of between 5% and 10% in October 2024.
