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The substantial increase in trading volumes on post-Brexit Friday that has been observed across virtually all asset classes and universally across all trading venues and brokerages, is unlikely to be abating any time soon. The financial markets will remain jittery with the British pound at the forefront until uncertainty is behind us.
Two major Electronic Communications Networks (ECNs) that are publicly reporting their metrics on a daily basis, Fastmatch and Hotspot have seen trading volumes rise 2.8 and 2.3 times respectively, when compared to the pervious trading day.
Fastmatch reported that the daily trading volume at the venue totaled $39.8 billion, which compares starkly ... (read more)