FXSpotStream Marks June as Best Month of First Half of 2017

Multi-bank institutional foreign exchange trading venue FXSpotStream has just published its latest trading volumes figures. During the month of June the company registered an increase in average daily trading volumes of 16.4 percent month-on-month. Last month was the best for the company since November 2016.

The number comes at $20.3 billion daily, which is just 2 percent lower when compared to June 2016. Considering the extraordinary effects of the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term vote, which took place in the same month last year, the results of FxSpotStream show remarkable resilience when compared to the rest of the industry.

Total trading volumes for the month increased by 11.3 percent month-on-month in June, marking the same 2 percent decline as ADVs when compared to a year ago.

Major trading activity across the industry during the month was confined to a couple of major bursts of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term. The UK election results and increasing uncertainty about the future of US fiscal policy have contributed to some breakouts away from recent ranges, with the British pound stabilizing rather quickly.

The results are contrasting to institutional foreign exchange trading venues such as Fastmatch, GTX and Hotspot which all reported month-on-month declines in June.

As the industry is preparing for the seasonally slow tightest months of the year in July and August, FXSpotStream is showing resilience when compared to its peers. During the first six months of the year, the company reported average daily trading volumes which are higher by about 2 percent when compared to ADVs for the whole of 2016.