FX volumes rise in May
Trading platforms continue positive trend that started at the beginning of the year
Foreign exchange volumes made robust gains on both a monthly and yearly basis across all multi-dealer platforms in May, in a continuation of the gains made since the start of the year on the back of higher volatility.
Overall, average daily volumes across all platforms jumped 19% in May, compared with April, and by 28% against May 2017. GTX made the biggest gains among its peers in both timeframes.
GTX’s average daily volumes in May rose to $19 billion on its ECN, swap execution facility and
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