Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Forex Trading at Cboe Falls Below $45 Billion Daily MarkCboe FX Trading Volumes Drop 7.4%, While Asian Markets Surge

Forex Trading at Cboe Falls Below $45 Billion Daily MarkCboe FX Trading Volumes Drop 7.4%, While Asian Markets Surge

CointimeCointime2024/11/06 14:06
By:Cointime

From financemagnates by Damian Chmiel

Forex Trading at Cboe Falls Below $45 Billion Daily MarkCboe FX Trading Volumes Drop 7.4%, While Asian Markets Surge image 0

Cboe Global Markets reported a significant decline in global foreign exchange (Forex) trading volumes for October, while experiencing substantial growth in its Asian operations, highlighting shifting market dynamics across regions.

Cboe FX Trading Volumes Drop 7.4%, While Asian Markets Surge

Average daily volume (ADV) in the  Cboe’s  global FX segment fell to $44.4 billion in October, marking a 7.4% decrease from the $47.9 billion recorded in the same month last year. The decline was even more pronounced when compared to September 2024, showing a 7.7% month-over-month drop from $48.1 billion.

Year-to-date results proved more favorable. ADV from January to October 2024 was $46.8 billion, up nearly 6% from $44.4 billion in the same period in 2023. It suggest the October decline may be a temporary deviation from the broader upward trend.

Forex Trading at Cboe Falls Below $45 Billion Daily MarkCboe FX Trading Volumes Drop 7.4%, While Asian Markets Surge image 1

Source: Cboe

This does not change the fact that other major trading venues  also reported a decline in FX volumes earlier . These included entities from Japan and Europe. For instance, Click 365 saw a drop of around 12%. The exception was CME, where EBS Spot FX ADV  rose by 15% to $58.3 billion .

The exchange operator's Asian operations emerged as a bright spot, with Japanese equities trading volume surging 47% year-over-year to 288 billion yen. Australian  equities  trading also showed resilience, climbing 8% to 777 million AUD compared to October 2023.

Mixed Performance Elsewhere

In Europe, Cboe Clear Europe achieved notable milestones, processing 117.5 million client trades in October - its highest monthly volume in 2024. The clearing house also marked its entry into the German market,  clearing  its first trades on Deutsche Börse.

The options segment showed mixed performance, with multiply-listed options contracts declining 3.9% year-over-year to 10.9 million contracts per day. Index options volumes experienced a steeper decline of 12.3% compared to October 2023, averaging 3.9 million contracts daily.

Futures trading witnessed the most significant decline among all segments, with average daily volume dropping 36% year-over-year to 187,000 contracts. U.S. equities trading volumes also softened, with on-exchange matched shares decreasing 6.4% compared to the previous year.

The European equities business provided another positive highlight, with average daily notional value rising 13.6% year-over-year to €10.5 billion. The segment's Periodic Auctions service set a new record with €2.5 billion in average daily notional value.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!