Challenger platforms hot on the heels of legacy peers
FastMatch's volumes doubled year-on-year, while GTX saw volumes rise 50% over the same period
Challenger FX platform FastMatch’s bid to overtake its legacy peers remains on track, with volumes traded more than doubling in May compared with last year’s figures and increasing by more than 20% on the previous month.
While the average daily traded volume of $23.3 billion in May did not quite reach Hotspot’s $28.1 billion, FastMatch could catch up to its closest competitor within a matter of months if its monthly rate of growth remains in the double figures, akin to the 22.6% month-on-month
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