FXSpotStream Reports an ADV of $50.4 Billion in October 2021

FXSpotStream released its trading volumes for October 2021 today and highlighted a substantial jump in the average daily volume (ADV). October’s ADV reached $50.4 billion. The number was up by nearly 4.35% compared to September 2021.

In comparison with the same period last year, the ADV jumped by 29.75%. According to FXSpotStream, the latest ADV was the 3rd highest ever for the platform. October had a total of 21 trading days, compared to 22 trading days in September 2021.

“In October we posted an ADV of USD50.455 billion, an increase of 4.35% vs September ’21. October's ADV was the 3rd highest ever for FXSpotStream and follows a 17% MoM increase in September vs August. October's ADV also represents an increase of 29.75% vs October '20 demonstrating FXSpotStream's continued market share gains,” the company mentioned.

In 2021, FXSpotStream’s ADV touched a peak of $54.6 billion during March 2021. Last month, the overall ADV crossed the mark of $50 billion for the first time since March. FXSpotStream saw consistent growth in the ADV during the first 10 months of 2021.

Monthly Volume

In terms of overall monthly volume, the number reached $1.060 trillion. In September, FXSpotStream reported an overall trading volume of $1.063 trillion, mainly because September had a total of 22 trading days compared to 21 trading days in October.

“FXSpotStream’s Overall Volume YoY (October ‘21 vs October ‘20) increased 23.86% to USD1.060 trillion, crossing the USD1 trillion mark for the sixth time this year. FXSpotStream’s ADV YTD (Jan-Oct ‘21 vs Jan-Oct ‘20) increased 14.63% to USD48.665 billion when compared to the same period last year,” the company added.

Earlier this year, FXSpotStream launched the much-anticipated support for FX Algos and Allocations over its API. “We are extremely excited to be live with our Algos and Allocations API offering. The team has done a tremendous job getting the offering live on schedule despite some challenging conditions related to the global pandemic,” Alan F. Schwarz, FXSpotStream Co-Founder and CEO, commented on the announcement earlier in 2021.