Muted Changes Seen at FXSpotStream and Integral Volumes for July

Monday, 03/08/2020 | 21:40 GMT by Aziz Abdel-Qader
  • Integral said the average daily volumes (ADV) across its platforms totaled $37.4 billion in July 2020.
Muted Changes Seen at FXSpotStream and Integral Volumes for July
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Activity on FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, dropped slightly last month, but it was still well above the $900 billion mark across its streaming and matching products. The company reported an average daily volume (ADV) of $40.4 billion. This deteriorated on a monthly basis by 7 percent from $43.2 billion back in June 2020. Still, the ADV figure increased by 11 percent from year-ago levels, when weighed against $36.2 billion in July 2019.

FXSpotStream also saw a mild drop across its total trading volumes in July 2020 after reporting just $929 billion for the month. This was down 3 percent from $952 billion in June. The difference seen can’t be explained by fewer working days since July saw a total of 23 trading days relative to 22 days in the month prior.

FXSpotStream provides a multibank FX aggregation service for spot FX trading. The platform operates as a bank-owned consortium that provides the infrastructure to facilitate the route of trades from clients to Liquidity providers.

Integral Reports a Slight Advance

Elsewhere, institutional Trading Platform provider, Integral reported its monthly ‎trading volumes for July. This demonstrated improvement compared to June and also the year earlier.

Integral said that the average daily volumes (ADV) across its platforms totalled $37.4 billion in July 2020, which rose by 6.6 percent over a monthly timeframe, compared to $35.1 billion in June.

Additionally, July volumes were above those reached in the same month a year ago. Specifically, the latest figures reflect a 10 percent increase when weighed against the metrics of July 2019.

Overall, the changes in volumes across major ECNs and institutional platform were muted compared to 2019. This was aside a small drop month-over-month, which may have been to lower volatility across certain currencies in the reported month.

Activity on FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, dropped slightly last month, but it was still well above the $900 billion mark across its streaming and matching products. The company reported an average daily volume (ADV) of $40.4 billion. This deteriorated on a monthly basis by 7 percent from $43.2 billion back in June 2020. Still, the ADV figure increased by 11 percent from year-ago levels, when weighed against $36.2 billion in July 2019.

FXSpotStream also saw a mild drop across its total trading volumes in July 2020 after reporting just $929 billion for the month. This was down 3 percent from $952 billion in June. The difference seen can’t be explained by fewer working days since July saw a total of 23 trading days relative to 22 days in the month prior.

FXSpotStream provides a multibank FX aggregation service for spot FX trading. The platform operates as a bank-owned consortium that provides the infrastructure to facilitate the route of trades from clients to Liquidity providers.

Integral Reports a Slight Advance

Elsewhere, institutional Trading Platform provider, Integral reported its monthly ‎trading volumes for July. This demonstrated improvement compared to June and also the year earlier.

Integral said that the average daily volumes (ADV) across its platforms totalled $37.4 billion in July 2020, which rose by 6.6 percent over a monthly timeframe, compared to $35.1 billion in June.

Additionally, July volumes were above those reached in the same month a year ago. Specifically, the latest figures reflect a 10 percent increase when weighed against the metrics of July 2019.

Overall, the changes in volumes across major ECNs and institutional platform were muted compared to 2019. This was aside a small drop month-over-month, which may have been to lower volatility across certain currencies in the reported month.

About the Author: Aziz Abdel-Qader
Aziz Abdel-Qader
  • 4984 Articles
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About the Author: Aziz Abdel-Qader
  • 4984 Articles
  • 31 Followers

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