Just two days after announcing that it had been acquired by Deutsche Boerse’s 360T for $100 million, institutional FX platform GTX has reported its best-ever month, setting record trading volumes in May 2018.
May’s average daily volume at GTX ECN of $16.8 billion exceeded the previous $16.1 billion record set in February this year.
Total monthly volume of $385.5 billion at GTX ECN in May surpassed the previous $322.7 billion also set in February.
The venue also set a daily volume record May 29 of $26.8 billion. GTX reported that there were five days in May which bested the previous daily record of $25.9 billion set on February 6 this year.
| May 2018 | Total Volume | ADV | |
| ECN + SEF | 385,454 | 16,758.87 | |
| Swap Dealer | 52,386 | 2,277.64 | |
| Total | 437,840 | 19,037 | |
| % Change vs. April 2018 | Total Volume | ADV | |
| ECN + SEF | 38% | 26% | |
| Swap Dealer | 90% | 74% | |
| Total | 43% | 30% | |
| % Change vs. May 2017 | Total Volume | ADV | |
| ECN + SEF | 56% | 56% | |
| Swap Dealer | -12% | -12% | |
| Total | 43% | 43% |
The data presented includes GTX’s swap dealer business which provides “voice” agency execution services, representing about 20% of total volumes.