Refinitiv has released its monthly FX volumes for March 2020.

The total ADV traded across Refinitiv's suite of FX services, reached $540 billion – the highest level since it started reporting data in April 2009.

Non-spot platforms recorded a new peak of $399 billion ADV, a 15% increase on MoM, and 8.4% increase YoY.

ADV across Matching and FXall spot trading platforms was $141bn, the highest volume since September 2014, representing a 36.9% increase MoM, and a 45.3% increase YoY.