Following a very good first half of 2023 but an expected summer slowdown, institutional FX trading volumes picked up again in September, with an average increase in trading volumes of 10% month-over-month seen at leading eFX players.
Each of the leading institutional FX venues surveyed by FNG including FXSpotStream, Cboe FX, EuronextFX and 360T saw a month-over-month increase in activity during September 2023, as rising interest rates (and speculation on continuing central bank action) injected more volatility into both equity and currency markets.
