Following a fairly strong start to the year in January, institutional FX trading at leading ECNs and multibank FX streaming services took a step back in February.
Average daily trading volumes at leading institutional eFX venues surveyed by FNG decreased by just over 3% in February 2024, with each of FXSpotStream, Cboe FX, 360T, and EuronextFX reporting activity declines ranging from 1.8% to 5.3% during the month.
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