Trading activities in spot foreign exchange among institutional investors weakened last month across regions, data from Cboe FX, Deutsche Börse’s 360T, FXSpotStream and Click 365, shows. The decline comes after major trading venues reported stronger output earlier in March. In January, the institutional spot FX demand recovered from the holiday lows in December only to retreat in February. By March, […]

Saxo Bank released its trading metrics for April on Wednesday, reporting its lowest monthly forex volume since December 2021 when it posted $95.7 billion. The total forex volume of the Copenhagen-based retail FX and CFDs brokerage slumped 34%to $102.8 billion, which is down from $155.6 billion in March 2023. In addition, the average daily volume of forex traded on the […]

Spot foreign exchange on the Moscow Exchange (MOEX), Russia’s largest exchange group, declined 10% month-over-month (MoM) in April to RUB 7.6 trillion ($96 billion). This tallies with drops in spot FX volumes across major trading venues in other regions. However, compared year-over-year, the exchange’s spot FX trading grew 8.1%, with swaps and forwards volumes reaching RUB 14.3 trillion ($180.5 billion). […]

Compagnie Financière Tradition (CFT), a Swiss interdealer broker and operator of a Japanese retail broking giant, released its financials for the first quarter of 2023, reporting a consolidated revenue of CHF 271.6 million. It jumped 9.6 percent from the previous year’s CHF 247.7 million. At a constant exchange rate, the year-over-year increase touched 14.3 percent. CFT Had a Strong Start […]

StoneX Group (Nasdaq: SNEX), which owns Forex.com and City Index brands, ended the three months between January and March with a decline of 38 percent in revenue from its forex and contracts for difference (CFDs) units. Strong Pullback in FX/CFDs Demand According to the recently filed Form 10-Q with the Securities and Exchange Commission (SEC), StoneX generated $61.8 million in […]