FastMatch, an institutional forex electronic communication network (ECN), reported on Wednesday its trading volume went down by a monthly 2% to some $16.6 billion daily average in February 2017.
Despite the slight decrease, the broker’s volumes are still high. In fact, February posted the third highest value historically.
The highest monthly value was recorded on 15 February when volume totaled $21.2 billion. The slowest day was 20 February when volume stood at slightly over $7.4 billion.
US-based FastMatch serves institutions, hedge funds, banks, retail brokers and proprietary trading firms in the US and Europe. It is an electronic communication network (ECN) for forex trading.
FastMatch is jointly owned by the retail forex broker Global Brokerage Inc., which until recently was known as FXCM Inc., and the banks Credit Suisse and BNY Mellon. It runs three matching engines from three data centres – in New York, London and Tokyo and provides quotes and trade information in real time.
It provides retail brokers, institutions, banks, hedge funds, and proprietary trading firms access to large pools of diversified liquidity, using technology based on the Credit Suisse Crossfinder matching engine.