FXSpotStream’s December Volumes Retreat Off Previous Highs

FXSpotStream LLC, a provider of multibank FX streaming aggregation and matching services across several asset classes, has just reported its latest volumes for the month ending December 2016, largely paring last month’s strong performance.

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Overall, nearly every institutional venue experienced an uptick in volumes during November 2016, instigated in part by the fallout of the US election and surprise victory of President-elect Donald Trump. Consequently, November proved to be a peak in volumes for many in 2016, while December was noticeable absent of any market drivers.

Rather, the month of December 2016 witnessed an average daily volume (ADV) of just $17.6 billion, which represented a sizable pullback of -20.2% MoM from $22.3 billion back in November 2016. Factoring out November 2016, which for previous reasons can be considered an outlier month, FXSpotStream has seen its monthly volumes rise in every month since August, when it bottomed out at $12.5 billion, a 2016 low.

December 2016 was also slower on account of the run up to the holiday season and observance of Christmas, which helped mitigate overall trading volumes. Despite seeing its volumes decline over a MoM basis, FXSpotStream did manage to secure a YoY gain, en route to a boost of 33.5% YoY from December 2015.

The latest month also saw a total of 22 trading days, unchanged from November 2016. In terms of total volumes at FXSpotStream, December 2016 showed $386.7 billion, well off a previous 2016 high last month of $490.5 billion.