Closing out a fairly active 2024 for institutional FX trading, December saw a 12.8% month-over-month decline in average trading volumes at leading eFX venues surveyed by FNG – which is not unusual given that much of late December is (almost) always quiet in the financial markets.
Each of FXSpotStream, Cboe FX, 360T, and EuronextFX posted trading volume declines of between 8% and 18% in December 2024, as a near-record November – buoyed by post-US election currency volatility – gave way to a holiday season slowdown in the last month of 2024.
