{"id":115027,"date":"2021-03-02T08:16:05","date_gmt":"2021-03-02T08:16:05","guid":{"rendered":"https:\/\/precoinnews.com\/?p=115027"},"modified":"2021-03-02T08:16:05","modified_gmt":"2021-03-02T08:16:05","slug":"euronext-reports-marginal-mom-uptick-in-february-fx-adv","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/euronext-reports-marginal-mom-uptick-in-february-fx-adv\/","title":{"rendered":"Euronext Reports Marginal MoM Uptick in February FX ADV"},"content":{"rendered":"
Euronext, the pan-European exchange operator, reported a marginal 2.8 percent increase in the average daily volume (ADV) of foreign exchange (FX) trading in February 2021 when compared to the figures of the previous month.<\/span><\/p>\n The FX ADV for last month on the platforms of the exchange operator came in at $21.89 billion, compared to January\u2019s $21.29, a month that itself witnessed some recovery in demand. Both the months had 20 trading days.<\/span><\/p>\n The trading of the month started slow, but higher volumes in FX instruments were traded at the end of the month. A monthly record of over $38 billion in forex was traded on the last trading day of February. We have seen a trend like this on other major forex trading venues as well.<\/span><\/p>\n The total volume of February remained $437 million, while it was $425 billion in the previous month. The demand in the markets usually follows a downtrend at the end of every year, and Euronext was no exception. The last two month\u2019s figures, however, show a healthy uptrend in the forex market demand.<\/span><\/p>\n While comparing year-on-year, however, last month’s numbers remained dull. The exchange operator reported over $464 billion in total volumes in February 2020 at an ADV of $23.21 billion, meaning there was a yearly decline of over 5.6 percent.<\/span><\/p>\n Euronext operates bourses in Paris, Amsterdam, Brussels, London, Lisbon, and Dublin. The pan-European operator also purchased the top Italian bourse from the London-based competitor last year, a deal which was cleared recently.<\/span><\/p>\n Meanwhile, the company discontinued its FX Tape service, which provides a central reference point for prices of spot FX transactions at the end of last year.<\/span><\/p>\nAn Eventful Year for Euronext<\/span><\/h2>\n