Reporting for August a month-over-month change higher of 2%, NEX Group PLC (LON: NXG) sees their spot forex business steady, with FX volumes year-over-year a solid 27% greater.
August 2017 produced volumes on the company’s anonymous forex matching platform, EBS MarketFX of $83 billion, while July 2017 was just a touch lower at $81.6 billion.
During the last summer of August 2016, the spot FX business achieved just $65.5 billion.
NEX Group, formerly known as ICAP volume figures cover electronically traded products – spot foreign exchange, US Treasury products, European and US repo products.
Complete results are in the following table:
NEX Markets Volumes – August 2017
| Average daily volume (in USD billions, single count) | ||||||||
| August | YoY% change | July | MoM% change | 12 Months ended 31 August | % change | |||
| 2016 | 2017 | 2017 | 2016 | 2017 | ||||
| US Treasury | 142.1 | 131.2 | (8%) | 145.2 | (10%) | 160.3 | 165.1 | 3% |
| US Repo | 219.0 | 225.8 | 3% | 225.2 | 0% | 212.5 | 224.0 | 5% |
| European Repo (in EUR billions) | 165.7 | 228.0 | 38% | 228.0 | 0% | 172.7 | 208.3 | 21% |
| Spot FX | 65.5 | 83.0 | 27% | 81.6 | 2% | 83.8 | 84.3 | 1% |