Institutional FX trading got off to a good start in 2024, with January average daily trading volumes at leading eFX ECNs rising by more than 4% MoM over what was a fairly strong December.
Three of the four ECNs surveyed by FNG – FXSpotStream, 360T, and EuronextFX – registered volume increases during January, which included a best-ever month for FXSpotStream. Only Cboe FX saw a slight (2%) decline in volumes.
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