More evidence that traders have been very active in 2020

Integral boasts vast rise in volumes compared to last year, however will existing clients of retail brokers now continue this as they ride the wave of volatility?

Currency derivatives volumes explode in 2015

Integral Development Corporation has today reported that average daily volumes (ADV) across Integral platforms totaled $43.8 billion in October 2020.

This represents an increase of 6.8 % compared to September 2020, and an increase of 20.3% compared to the same period in 2019.

From October 2020, reported ADV include volumes traded on the recently launched venue, TrueFX, and is reported in aggregate with volumes from Integral’s other trading platforms.

Reported monthly ADV now represents total volumes traded across the group’s entire liquidity network.

Commenting on the growth of TrueFX, Harpal Sandhu, CEO at Integral said, “TrueFX has made it possible for any participant – irrespective of size – to access primary sources of liquidity directly. The proposition of eliminating credit as a barrier to entry is an exciting development in FX and we are thrilled to see such high adoption of the service as participants seek increased accessibility to the markets in an organized, transparent, and low-cost manner.”

This demonstrates further that the existing customer base of many retail FX brokers has been trading far more than last year, especially during the continued lockdowns in many parts of the world.

Opinions vary as to whether technology providers and market integration companies should be capitalizing their solution on trading volume rather than as a fixed price SaaS model, however this boast by Integral shows that brokers, as well as their vendors have been doing well from activity created by existing clients, although it is widely recognized across the retail FX sector that not many new clients have been on boarded.

As Europe heads once again into long lockdown periods, it will be interesting to assess whether this activity will continue, or whether adding new services and access to multi asset liquidity will be required to attract new clients that may wish to ride the waves of volatility whilst offices are closed limiting their usual main source of income, and retail traders are confined at home and not allowed outside.

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