FXSpotStream LLC, a provider of multibank FX streaming aggregation and matching services across multiple asset classes, has released its latest volumes for the month ending November 2016, which yielded a strong growth on a MoM basis, per a FXSpotStream report.
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For many, the recent month was characterized by an explosion of Volatility , dictated by the impact of the US election and its surprisingly end. This helped instigate an uptick in volumes that was lacking in October, ultimately constituting a fresh 2016 high at FXSpotStream.
2016 Peak
During the month of November 2016, FXSpotStream reported an average daily volume (ADV) of $22.3 billion, which represented a sizable boost of 30.4% MoM from $17.1 billion back in October 2016. In addition, November’s strong performance happened just three months after its 2016 low of $12.4 billion in volumes, FXSpotStream’s largest volume disparity in over a year.
With volatility spiking in early November and in the weeks that followed, volumes were also much higher over a YoY basis, largely due to the absence of a US election in November 2015 – this was quantified as a growth of 69.1% YoY from November 2015 in terms of ADV.
November 2016 saw a total of 22 trading days, compared with 21 in the month prior. In terms of total volumes at FXSpotStream, November 2016 showed $490.5 billion, a 2016 high, which was also trending upwards by a factor of 36.6% MoM $359.2 billion in October 2016.
