FXSpotStream published its trading volumes for April 2022, reporting a decline in its average daily trading volume (ADV) on a monthly basis. For the mentioned period, ADV on the platform hit $61.2 billion, which is down -12.6% compared to the previous month.
The data considered 21 trading days, according to FXSpotStream. As a result, the total volume on the platform hit around $1.28 trillion, with an ADV change YoY of 25.8%. ADV on the platform reached $70.1 billion in March, which is an increase of more than 11% compared to the previous month.
The average daily trading volume spiked by more than 28% compared to the same period last year. The number of trading days in March 2022 grew from 20 in February to 23 in March. The platform has experienced consistent increases in trading volumes since the start of 2022.
CEO's Statement
Alan Schwarz, the CEO and Co-Founder of FXSpotStream, called 2021 a great year. “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.
FXSpotStream began the year with an ADV of $53 billion in January. However, this figure increased drastically to over $63 billion in February. By December of last year, the platform had an ADV of almost $43 billion. FXSpotStream, launched in December 2011, has seen substantial growth in trading volumes since the pandemic began. In March 2020, ADV on the platform surpassed $62 billion.
