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In May 2026, Cboe FX Spot Average Daily Volume (ADV) reached $54.9 billion, a 14.4% increase from $48.0 billion in May 2025. Cboe SEF ADV topped $4.8 billion, representing a 54.5% increase from May 2025's ADV of $3.1 billion. Cboe SEF also observed a new single-day record of $7.2 billion on May 5.