FXSpotStream Sets New All-Time High in Volumes During September

Monday, 02/10/2017 | 14:28 GMT by Jeff Patterson
  • Institutional trading heated up in September, establishing new record highs with volatility in full swing.
FXSpotStream Sets New All-Time High in Volumes During September
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FXSpotStream has reported its overall volumes for the month ending September 2017. The latest figures build off an already successful August, en route to new all-time highs in the group’s six-year history.

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Markets started off September 2017 in high gear, with a multitude of factors helping steer volumes. Periodic swings in the USD as well as a renewed focus on the Federal Reserve helped kindle volumes. August had already seen FXSpotStream’s second highest figure this year, with September improving on its ADV.

In particular, this corresponded to a volumes reading of $23.9 billion daily, growth of 24.4 percent month-over-month from $19.2 billion daily in August 2017. The figure is a new all-time high, besting the $20.3 billion set in June 2017, as well as FXSpotStream’s previous record back in November 2016.

Additionally, FXSpotStream’s total volume in September 2017 came in at $502.7 billion during the month, which featured a total of 21 trading days. This was good for climb of 13.7 percent month-over-month from $441.9 billion over 23 trading days back in August 2017.

On a year-over-year basis, FXSpotStream’s latest volumes also appeared to be much stronger, climbing in terms of ADV by a factor of 54.7 percent from $15.5 billion. Total volumes in September 2017 also jumped by 47.9 percent year-over-year from $339.9 billion in September 2016.

FXSpotStream has had an eventful H2 2017, which included several developments over the past few months. Last week, the group’s price aggregation service increased the number of Liquidity providers on the trading venue to 13, adding State Street. Moreover, FXSpotStream on-boarded a new Chief Technology Officer in Tom San Pietro and is eyeing a rollout of a new Analytics suite later this month.

FXSpotStream has reported its overall volumes for the month ending September 2017. The latest figures build off an already successful August, en route to new all-time highs in the group’s six-year history.

Register now to the London Summit 2017, Europe’s largest gathering of top-tier retail brokers and institutional FX investors

Markets started off September 2017 in high gear, with a multitude of factors helping steer volumes. Periodic swings in the USD as well as a renewed focus on the Federal Reserve helped kindle volumes. August had already seen FXSpotStream’s second highest figure this year, with September improving on its ADV.

In particular, this corresponded to a volumes reading of $23.9 billion daily, growth of 24.4 percent month-over-month from $19.2 billion daily in August 2017. The figure is a new all-time high, besting the $20.3 billion set in June 2017, as well as FXSpotStream’s previous record back in November 2016.

Additionally, FXSpotStream’s total volume in September 2017 came in at $502.7 billion during the month, which featured a total of 21 trading days. This was good for climb of 13.7 percent month-over-month from $441.9 billion over 23 trading days back in August 2017.

On a year-over-year basis, FXSpotStream’s latest volumes also appeared to be much stronger, climbing in terms of ADV by a factor of 54.7 percent from $15.5 billion. Total volumes in September 2017 also jumped by 47.9 percent year-over-year from $339.9 billion in September 2016.

FXSpotStream has had an eventful H2 2017, which included several developments over the past few months. Last week, the group’s price aggregation service increased the number of Liquidity providers on the trading venue to 13, adding State Street. Moreover, FXSpotStream on-boarded a new Chief Technology Officer in Tom San Pietro and is eyeing a rollout of a new Analytics suite later this month.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
Head of Commercial Content
  • 5439 Articles
  • 101 Followers

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