FXSpotStream Sees $64B in July ADV, Second Best Month in Operational History

FXSpotStream LLC, a provider of multibank FX aggregation service for spot FX trading, published its trading metrics for July, reporting an average daily volume (ADV) of almost $64.04 billion.

The figure increased marginally by 0.31 percent month-over-month, while it jumped 33.66 percent from July 2021. It was the second highest monthly ADV on the platform that remained only behind the $70.1 billion touched last March.

“This YoY growth is a strong indicator of the continued market share gains as FXSpotStream continues to grow at the fastest rate of any FX service reporting volumes,” FXSpotStream stated.

The overall volume on the platform jumped by 27.58 percent to reach $1.345 trillion. It was the seventh consecutive month for which the platform posted a total monthly volume above $1 trillion.

Strong Performance in 2022

Additionally, the platform highlighted its year-to-date performance showcasing a significant demand rise in 2022. Between January and July, it handled $9.308 trillion in total trading volume. Moreover, the ADV jumped by 25.28 percent from the same period of the previous year, touching $62.054 billion.

FXSpotStream is a bank-owned consortium established in 2011. Along with its services in the institutional spot forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market, the platform has extended services in the derivatives market. In addition, it launched the much-anticipated support for FX Algos and Allocations over its API, thus further expanding its services.

While FXSpotStream witnessed a marginal monthly gain in demand, other institutional 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 platforms reported a dip.

Cboe, which runs one of the largest US derivatives and an institutional spot FX trading platform, posted a month-over-month decline in trading volume by 8 percent last month. However, the demand jumped year-over-year by 11 percent.