Forex Weekly Look Back: Cboe Futures ADV falls 23% MoM, PrimeXM trading volumes up 4.5% MoM in October

Steffy Bogdanova
November 6, 2020 10:00 am

Looking back at the most intriguing and popular industry news from the past week between 2nd and 6th November on LeapRate.

Euronext, the pan-European exchange in the Eurozone, released its trading volumes for the third quarter of 2020. The exchange reports uptick in revenue across all sections compared to the third quarter of last year. Total revenue for Q3 2020 reached €204.8 million, up by 12.7% YoY compared to Q3 2019 when it was €181.7. Total revenue was down 2.8% based on the revenue in Q2 2020, when it reached €210.7.

Forex and CFD brokerage Accuindex announced the appointment of industry veteran Samer Mourched as Chief Operations Officer. Mourched’s experience spans across 15 years of senior leadership appointments in leading financial institutions. Mourched’s focus has been primarily on business operations, digital infrastructure, risk management, compliance within the online trading industry, as well as the crypto and blockchain sphere.

Global trade surveillance and risk management software platform provider Eventus Systems announced that Vincent Turcotte joined the firm as Sales Director for the Asia Pacific (APAC) region, operating out of Hong Kong. Turcotte brings over three decades of experience at exchanges, broker-dealers and futures commission merchants (FCMs), most recently as Director, Asia Pacific for Intercontinental Exchange (ICE).

Euronext, the pan-European exchange in the Eurozone, released its trading volumes for October 2020. The total cash market reached €61 million in October 2020, 7.8% MoM increase compared to €56 million in September 2020. ADV cash market reached €2 million in October, up by 7.8% MoM compared to September.

Exchange holding company Cboe Global Markets, Inc. reported its October 2020 metrics, with drops in the volumes, compared to September and August. Cboe reported Options ADV down 7.6% MoM, Futures ADV were also down 23.2% MoM. US Equities ADV fell by 6% MoM and Global FX ADNV dropped by 3% MoM compared to September.

Derivatives marketplace CME Group released its monthly metrics for October. The company registered average daily volume (ADV) of 15.4 million contracts for October with a 8.9% MoM decrease, compared to the previous month when it was 16.9 million. CME Group’s monthly metrics highlights from October include Equity index of 5.4 million contracts, down by 21.7% MoM and Interest Rate of 5.2 million contracts with a 6% MoM rise.

PrimeXM released its trading volumes for October yesterday. The broker registered a total of $894.36 billion in monthly trading volume in October across the 3 major Data Center locations, representing a 4.55% MoM decrease in trading activities. The Average Daily Volume (ADV) in October reached $40.65 billion. 28 October was the highest daily trading volume of the month with a $58.16 billion turnovers. The total trades registered in October was 25.07 million.

The Russian market operator Moscow Exchange Group (MOEX) reported RUB 89.7 trillion in total trading volumes in October, up by 3.7% MoM (RUB 86.5 trillion in September). Some sections of the market reported drops, while others had small growth compared to September when all sections were up. The Equity & Bonds Market led with 12.1% MoM growth, followed by the Money Market with 6.9%MoM increase. the FX Market registered no change MoM and the Derivatives Market fell 3.8%MoM.

Vantage FX, regulated multi-asset brokerage, has teamed up with technology provider for multi-asset brokers Brokeree Solutions, to launch PAMM services for their clientele worldwide. This partnership allows clients of Vantage FX to register a PAMM account directly via the brokerage’s website and use the platform either as a money manager or investor. Traders can create unlimited investor accounts and money managers can access flexible performance fees to create appealing offers and promote their PAMM accounts.

Multibank FX streaming aggregation and a matching service provider FXSpotStream announced its October volumes with a slight fall since September and August. The company reported ADV of $38.885 billion, with a drop of 6.6% MoM compared to last month. The numbers were up by 16.6% YoY, compared to October 2019.

Deutsche Börse published its monthly volumes report for October 2020. The volumes for last month fell slightly, compared to September and August and were up on year-over-year basis. The company reported a 2% MoM drop in turnover with €146 billion in October (€149 billion for September 2020). The numbers are up by 7.8% in comparison to October 2019 when it was €135.4 billion.

IG Europe, the European subsidiary of IG Group, opened its office in Amsterdam on Friday last week as part of its investment for growth. As IG is looking to become more diversified, it has opened new offices in Hong Kong and Bermuda in 2020. Nazli Visne was appointed as Head of IG Netherlands, an extension of her current role as Deputy Head of IG Germany, where she supports Simona Stoytchkova, Managing Director, IG Europe to lead the broker’s commercial operations.

Exchange holding company Cboe Global Markets released its results for the third quarter of 2020. The company reports that diluted EPS for the third quarter were $1.01, down by 1.9 % from the second quarter and up 7% YoY compared to the third quarter the previous year. Cboe also reports adjusted diluted EPS for Q3 of f $1.11 with 15.3% decrease from Q2 and 14% YoY from the same period the previous year.

FX technology provider Integral released its trading volumes for October 2020 with small but steady growth compared to September and August. The company registered average daily volumes (ADV) across Integral platforms of $43.8 billion in October 2020. This is 6.8% MoM increase compared to September when it reached $39.8 billion billion and 20.3% compared to the same period last year.

Tokyo Financial Exchange (TFX) released its trading volumes report for October 2020. TFX’s metrics continues to go up and down.. The Exchange reported trading volumes going down in August and an uptick in September. The total trading volume of FX Daily Futures contracts (Click 365) was 1,934,858 (-7.2% MoM /-5.4% YoY) and its average daily trading volume was 87,949.

Forex Weekly Look Back

Stock markets globally gained yesterday as Democratic nominee Joe Biden neared victory in the US presidential election. On a monumental day that saw Biden gather the most votes of any Presidential candidate in history, US stock futures then extended those gains yesterday evening as more states turned blue. The big winners were technology giants and the healthcare sector, which may well end up with their dream scenario of a Biden White House and a Republican-controlled Senate. Without both houses, Biden’s ability to pass tax increases and increase regulation will be restricted, while tech firms are eyeing a smoother relationship with China (which is crucial both to supply chains and as a market for tech products). If the Democrats fail to win a Senate majority, Biden will be restricted in his ability to reform healthcare and increase regulation there.

Real-time personalization and automation are a necessity for forex companies in order to engage with their traders based on their historical and current behavior in absolute real time. A data-driven marketing automation platform is essential in creating a contextual, relevant and positive experience for the customers, drive conversion rates, increase the average LTV and prevent churn. Solitics’ data management and automation platform offers brokers connection to all their data sources, marketing channels and provides them with one central UI from which they can manage their personalization and automation, based on their raw data in real-time. ­­

End-to-end technology provider TraderEvolution announced that ColmexPro is the latest broker to start using its software solution to integrate access to a multitude of asset classes into its offering. The CySEC regulated brokerage company is committed to expanding the list of products it offers to its clients. Its integration with TraderEvolution enables ColmexPro to deploy an extended list of customised solutions that ultimately offers more than 25,000 stocks.

UK and EU regulatory reporting provider MAP FinTech today announced expanding its strategic collaboration with The Depository Trust & Clearing Corporation (DTCC), post-trade market infrastructure for global financial services industry. Under the strengthened partnership, MAP FinTech will aggregate DTCC Global Trade Repository (GTR) service data in Australia to help clients meet reporting obligations required by the Australian Securities & Investments Commission (ASIC).

Financial markets data and infrastructure provider Refinitiv today named Dean Berry as Global Head of Trading, based in London. Prior to joining Refinitiv, Berry was at BGC Partners, where he was the global head of the Electronic and Hybrid Markets division. He has extensive experience, covering multiple asset classes, low touch electronic and high touch trading strategies and includes deep knowledge of global markets with significant experience in Asian markets, with roles in both Singapore and Japan.

Provider of FX risk management and alternative banking solutions Alpha FX Group plc announced that Matt Knowles will step down from his role as an independent Non-Executive Director, in order to take on a more active role with the Group as Strategic Advisor.  The company will look to appoint a new Non-Executive Director in due course.

LeapRate Analyst

Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
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