Major ECNs Volumes Seasonally Low as Traders Await September Fed Meeting

[kreslik.news]

With the summer months behind us, so is probably one of the slowest months in terms of trading activity on the foreign exchange markets. August has proven to be a seasonal slowdown after July was more active when compared to previous years due to the aftermath of Brexit.

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All of the major ECNs have reported a slowdown in trading volumes with the most resilient venue when it comes to month-on-month metrics turning out to be BATS Hotspot. Fastmatch and GAIN Capital’s GTX ECN venues have declined ... (read more)