NEX Group plc (LON: NXG), formerly known as ICAP plc has published their average daily volume data for July 2017.
The volume figures cover electronically traded products – spot foreign exchange, US Treasury products, European and US repo products.
NEX Electronic Markets Volumes – July 2017
| Average daily volume (in USD billions, single count) | ||||||||
| July | YoY% change | June | MoM% change | 12 Months ended 31 July | % change | |||
| 2016 | 2017 | 2017 | 2016 | 2017 | ||||
| US Treasury | 153.8 | 145.2 | (6%) | 166.1 | (13%) | 163.8 | 166.1 | 1% |
| US Repo | 211.3 | 225.2 | 7% | 226.5 | (1%) | 211.2 | 223.4 | 6% |
| European Repo (in EUR billions) | 169.4 | 228.0 | 35% | 220.2 | 4% | 173.6 | 202.8 | 17% |
| Spot FX | 80.4 | 81.6 | 1% | 83.3 | (2%) | 86.7 | 82.7 | (5%) |
Volumes as seen above were down 2% MoM, but higher YoY by 1%.
This has been a weaker year overall up this point for Forex volumes. Case in point, for NEX Group, its rolling metric for the 12 months ending on July 31st 2017, volumes stand at $82.7 billion, this is 5% lower then the same period from 2016 where volumes were at $86.7 billion.
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