FXSpotStream Monthly Volume Crosses the Trillion Dollar Milestone

It was another record month after the previous record month, and each one seemed to get bigger than the last. FXSpotStream LLC, the aggregator service of LiquidityMatch LLC, today revealed another unprecedented monthly volume record last month, besting the previous record set back in February.

During the month of March 2020, FXSpotStream reported an average daily volume (ADV) of $62.3 billion, which represented a jump of 30 percent month-on-month from $47.8 billion reported back in February. Across a yearly interval, the ADV metric in March reflected an advance of 65 percent.

March 2020 saw a total of 22 trading days, compared to 20 days in the month prior. In terms of total volumes at FXSpotStream, the last month showed $1,372 billion, which was 43 percent higher month-on-month from $956 ‎billion in February 2020.

This number is almost double that of March 2019 when the FXSpotStream users transacted $792 billion, and it was also the first time to cross the $1 trillion milestone in the group’s nine-year history.

FXSpotStream got off to a strong start as the financial markets started off the new calendar year in high gear, with a multitude of factors helping steer volumes across several venues. These difficult conditions could become increasingly common as investors fear the impact of the coronavirus outbreak and a war of price oil between the Russians and the Saudis, which pumped up FX hedging trades.

With nobody has a clue so far, other institutional FX platforms, including Cboe FX, CLS, and Thomson Reuters, are also expected to report never before seen trading activity. The secular trend of rising FX volumes will stay into play in April as global markets remain hostage to developments involving the coronavirus with the 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 of swings is driving unprecedented growth that rank with any past market crises.

FXSpotStream’s offering is a client-to-bank platform, with each Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term taker required to ‎create individual credit relationships with participating banks.‎ This differs from other multi-dealer platforms such as FX ECNs like Hotspot and ‎EBS Markets that operate with centralized order book systems for their participants.