FXSpotStream’s January Volumes Top $579 Billion to Set New All-Time ‎High

FXSpotStream LLC, the aggregator service of LiquidityMatch LLC, today announced its latest volumes for January 2018, which managed to reverse December’s poor performance, en route to new all-time highs in the group’s seven-year history.

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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.

During the month of January 2018, FXSpotStream reported an average daily volume (ADV) of $26.3 billion, which represented a jump of 33 percent month-on-month from $19.8 billion reported back in December 2017. Across a yearly interval, the ADV metric in January 2018 reflected an advance of 39 percent.

The figure is a new all-time high, besting the $22.3 billion set back in November 2017, ‎as well as FXSpotStream’s previous record reported in September 2017 at $23.9 billion.‎

January 2018 saw a total of 22 trading days, compared to 20 days in the month prior. In terms of total volumes at FXSpotStream, January 2018 showed $579.4 billion, which was also higher by 46 percent month-on-month from $396.5 billion in December 2017.

FXSpotStream is a wholly owned subsidiary of LiquidityMatch LLC, and was created as a ‎cost-effective platform, which is offered on a commission free model for buyside firms to ‎tap pricing from banks using a multi-dealer aggregating platform.

The group started the ‎streaming aggregation business in 2011 with just a spot FX API and 6 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 providers, but now ‎utilizes liquidity from a total of 13 leading global banks – BofA Merrill Lynch, ‎Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, ‎Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Standard Chartered, UBS and State Street. ‎

FXSpotStream’s offering is a client to bank platform, with each liquidity 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.