The last weekend of the month, so as usually we prepared for you a trading volumes review of the biggest brokers operating in the FX market. Article is divided into two parts – you can expect the second one tomorrow (also at 5PM CET) – on the pages of Comparic.com.
Throughout the whole month we published a detailed, reported February trading volumes of the largest retail and institutional brokers. Today, we would like to summarize the most important information and present it in a nutshell. Enjoy reading!
Saxo Bank
Copenhagen multi-asset class broker – Saxo Bank – published summarized data for the February market activity. The report clearly shows a MoM decline in trading volumes. The total amount of the monthly trading volumes was $265 billion in February – which is 13.2% less comparing to January’s $304 billion.
ADV indicator for February totaled $13.2 billion – just 4.4% less than in January ($13.8 billion). We can see, that a smaller number of working days in the past month, has played a key role in the overall decline in volumes. Average daily volumes indicator is calculated for a single working day.
Monex Group
Based in Japan – Monex Group – offering a series of financial products, among which we can find TradeStation FX platform, published its February financial results and volumes statement.
In the report we can read, that the global FX volumes (together with the results of the subsidiaries) fell from $53.4 billion recorded at the beginning of the year by 17.2% to $44.2 billion in February (a reduction of 9.22 billion USD within one month).
Number of active OTC FX accounts during this month stopped at62 644. There has been a slight decrease – about 256 active accounts less than in January. However, it should be noted that the number of trading days in February is lower compared to January (2 days less), when markets operated for 21 days.
GMO Click
Online trading broker, GMO Click Securities, acting as a subsidiary of GMO Internet Inc., published its monthly trading volumes in connection with the February OTC FX and exchange activity.
Within a month, the OTX FX volumes totaled $717.3 billion – failing by 10.3% compared to January’s results. Click365 exchange volumes fell also – by 17.4% to $3.75 billion. Overall, the total trading volumes in February stopped at $721 billion level.
A spokesman for the company, explained during a press conference that decrease in February’s trading volumes were lower than in January due to low Yen volatility and the impact of fewer trading days in the month.
Brand recently emphasized its leading position in terms of market share in retail volumes. Despite the month-over-month (MoM) declines, this thesis is still difficult to be overthrown.
EBS
EBS, owned by interdealer ICAP, published its trading volumes for February. In terms of the FX market, ADV was $83.5 billion. Results from last month proved to be reduced by 5% compared to January and 44% lower than the $149 billion reported a year ago – when EBS has got the best month in 2013.
What caused MoM and YoY decreases? Certainly, adverse trading outcomes of all other entities operating under the wings of ICAP and a overall decrease in the currencies liquidity.
