Trump victory boosts volumes and uncertainty
FastMatch experiences a small technical glitch overnight, but industry handles six- to seven-times normal volumes with ease
Volumes in currency markets are running at approximately six to seven times higher than average in the wake of the US presidential election result, and ahead of the New York market open, according to people familiar with the matter.
The surge of activity is positive news for both market-makers and trading platforms. Apart from a technical glitch at ECN FastMatch at around 9.40pm New York time, the industry handled the surge without mishap.
"Liquidity was broadly good and systems worked as well
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