Platform volumes up in August amid EM woes

Trading was higher than in the same period of 2017, with the euro and some emerging market currencies hitting yearly lows

Turkish woes: the lira’s dramatic 44% fall in August was felt across FX markets, affecting EM and G10 currencies alike

Foreign exchange trading platforms experienced double-digit growth in August, compared with the same month of 2017, as wobbles in emerging markets boosted trading activity.

FXSpotstream saw its yearly volumes increase by almost 50% to reach $28.4 billion in August, compared with $19.2 billion for the same period of 2017.

Cboe FX, formerly Hotspot, and FastMatch achieved 28.8% and 18.9% growth, respectively.

Volumes on EBS also rose, albeit more modestly than its peers, with trading activity 2

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