Today, FXSpotStream published its trading volumes for March 2022 and saw a substantial jump in the average daily trading volume (ADV). For the mentioned period, ADV on the platform touched $70.1 billion, which is up by more than 11% compared to the previous month.
Compared to the same period last year, the average daily trading volumes spiked by more than 28%. March saw a total of 23 trading days, compared to just 20 trading days in February 2022. Since the start of 2022, the platform has seen a consistent jump in trading volumes.
FXSpotStream started this year with an ADV of nearly $53 billion in January. The figure surged significantly to more than $63 billion in February. In December last year, the platform posted an ADV of almost $43 billion.
Launched in December 2011, FXSpotStream has witnessed a substantial rise in trading volumes since the outbreak of the pandemic. In March 2020, the ADV on the platform surged above $62 billion.
2021 Review
Earlier this year, FXSpotStream published a review of 2021 and highlighted the growth across different metrics throughout the last year. Alan Schwarz, the CEO and Co-Founder of FXSpotStream, termed 2021 a tremendous year for the platform.
“During these still challenging times with the global pandemic, our accomplishments would not have been possible without the support of our loyal clients and LPs as well as a dedicated global team at FXSpotStream,” Schwarz said.
“Last year we added support for Algos and Allocations, as well as announced major upgrades to our infrastructure with the upcoming deployment of our low-latency architecture. We are tremendously excited about the many initiatives we are progressing this year and the enhanced services we are delivering to our LPs and clients. We expect another successful year for FXSpotStream in 2022 with growth in all aspects of the business,” he added.
