FXSpotStream Releases Financial Review of 2021 Average Daily Volume

On January 18, FXSpotStream, a popular multibank FX streamline aggregation and a matching service provider, released a financial review of its FX average daily trading volume of 2021. The company disclosed that it recorded an average daily volume of US$48.397 billion in the year 2021, which is an increase of 13.48% YoY compared to 2020. This, therefore, demonstrates that the company continues to gain market share. In addition, FXSpotStream stated that it saw a positive YoY growth each month in 2021 with an exception of one. The firm explained that such growth was driven by positive YoY growth in all products, which was most of all a 26.94% increase in swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term ADV and a 102% increase in ADV for NDFs.

Besides that, FXSpotStream mentioned that it had achieved many other volume-related milestones in 2021. Its overall volume for that year crossed the US$12 trillion mark for the first time in the company’s history. Additionally, the firm identified that it crossed the US$1 trillion mark in terms of monthly overall volume over seven months in 2021, compared to only one in prior years. Moreover, FXSpotstream highlighted that it had recorded the second-highest ADV on record for FSS in March 2021 and registered the third one in November.

Alan Schwarz, the Co-Founder and CEO of FXSpotStream stated: “2021 was a tremendous year for the company as we also celebrated our ten-year anniversary. 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.”

“While we always reflect on our past success, our focus continues to be on the future. We are always looking for ways to improve the Service. Last year, we added support for Algos and Allocations, as well as announcing 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.”

Continuous Commitment to Meet Customer Demands

The development by FXSpotStream comes at a time when the company sees a strong uptrend of forex trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term demand, with a few monthly dips. The spike in customer demand during last year’s trading, without significant market-moving incidents, has given a solid boost to the platform’s business. The robust revenue came when the trading platform was already embarking on expanding its business and services. Last year, FXSpotStream added several FX Algo strategies and many other FX allocations services, which are being offered through its API. The platform added more than 70 different Algos and over 200 parameters provided by various liquidity providers and is accessible through the FXSpotStream client base. The FX allocation allows its clients on a pre- and post-trade basis to simultaneously send and allocate orders from multiple accounts. Meanwhile, the firm has been bolstering its talent team and has made several major hires in recent months. Founded in 2011 as a bank-owned consortium, FXSpotStream offers a multibank FX aggregation service for spot FX trading along with extended services for the derivatives markets.