Integral Sees November Decrease in Average Daily Volumes

Feb 18, 2023

ADVs decline for a third successive month

Integral, the US-based software and technology solutions provider for the fx industry released its ADV data for November on Friday, with the figures showing both a yearly and monthly decline in ADVs (average daily volumes).

The company reported that customers’ average daily volumes (ADV) across Integral platforms in November totaled $42.6 billion. Last month's figure represents a decrease of -6.8% from the previous month and a decrease of -15.8% when compared to November 2021.

After enjoying a summer of strong trading activity, the last couple of months has seen a sharp reversal in average daily volumes in trading activity.

In October, Integral reported the average daily volumes (ADV) across its platforms coming to a total of $45.7 billion. October's figure was the lowest reading in over a year. October saw an 11% decline from the $51.2 billion recorded in September 2022 and on an annual basis, saw a 9.5% fall from the same time last year.

The reported monthly ADV was generated across all Integral platforms, including TrueFX, the spot trading venue offered by the company, and Integral OCX, the ECN service for institutions.

Despite Intergral's ADV figures being on a three-month losing streak, the company recently strengthened its executive positions with several external hires. The company recently onboarded Judy Goh as a Managing Director and the Head of Sales for Asia Pacific. Furthermore, it boosted its sales team by hiring Paul Spillman and Roland Schilling as Directors.