Volumes rebound from the December low, with an ADV of $57.6 billion.
However, year-on-year performance is worse than in March 2022.
FXSpotStream,
the provider of multibank FX aggregation services, has announced its trading
metrics for March 2023. The company recorded a total monthly volume of $1.54
trillion, which is up 6.2% from the previous month's total volume of $1.26 trillion.
FxSpotStream Reports
Higher MoM Volumes in March 2023
FXSpotStream's
ADV for March 2023 was $66.8 billion, representing a 6.2% month-over-month
(MoM) increase from the previous month's ADV of $62.9 billion. Despite the MoM
increase, the ADV decreased by 4.8% year-over-year (YoY), standing at $66.8
billion for March 2023 compared to $70.2 billion in March 2022.
Analyzing
volumes since the beginning of the year, we can see increasing market activity
and a steady increase in value. This is a significant rebound in ADV from the low in December 2022, when the results reached $57.6 billion. It was already $61 billion in January and almost $63 billion in February, as mentioned
above.
FXSpotStream's
March 2023 trading volumes were spread over 23 trading days, compared to 20
trading days in February 2023 and 22 trading days in January 2023.
The
aggregation service continues to serve a broad range of clients, including
streaming liquidity providers such as Barclays, BofA Merrill Lynch, Societe
Generale, Citi, and Commerzbank. The company's multibank FX aggregation
services provide its clients with a reliable, high-speed, and transparent
platform for trading spot FX.
The
increase in total volume for last month is driven by the uptick in market
activity across the industry, with other institutional venues reporting similar
increases.
Cboe FX,
for instance, reported a 17.9% increase in total volume in March 2023 compared
to the same period last year. The reported figure for March comes in second
only to Cboe's record of $1.2 trillion for March 2020, when market
activity surged due to the Covid-induced volatility.
However,
for units outside of America, the results turned out to be more mixed, as was
the case with FxSpotStream. In Japan, Click 365, which offers FX futures and is
owned by Tokyo Financial Exchange, reported a 41.1% MoM increase in demand for
March as more than 3.3 million contracts were exchanged. However, the demand
for FX futures on the platform decreased by 3.1% YoY.
360T, a
prominent spot FX venue in Europe owned by the Deutsche Borsa Group, recorded a
total monthly trading volume of over $563 million for March, which is up from $530.9
billion in February. However, the demand was significantly lower YoY, as the
platform handled over $655 billion in trading volume in March 2022.
FXSpotStream,
the provider of multibank FX aggregation services, has announced its trading
metrics for March 2023. The company recorded a total monthly volume of $1.54
trillion, which is up 6.2% from the previous month's total volume of $1.26 trillion.
FxSpotStream Reports
Higher MoM Volumes in March 2023
FXSpotStream's
ADV for March 2023 was $66.8 billion, representing a 6.2% month-over-month
(MoM) increase from the previous month's ADV of $62.9 billion. Despite the MoM
increase, the ADV decreased by 4.8% year-over-year (YoY), standing at $66.8
billion for March 2023 compared to $70.2 billion in March 2022.
Analyzing
volumes since the beginning of the year, we can see increasing market activity
and a steady increase in value. This is a significant rebound in ADV from the low in December 2022, when the results reached $57.6 billion. It was already $61 billion in January and almost $63 billion in February, as mentioned
above.
FXSpotStream's
March 2023 trading volumes were spread over 23 trading days, compared to 20
trading days in February 2023 and 22 trading days in January 2023.
The
aggregation service continues to serve a broad range of clients, including
streaming liquidity providers such as Barclays, BofA Merrill Lynch, Societe
Generale, Citi, and Commerzbank. The company's multibank FX aggregation
services provide its clients with a reliable, high-speed, and transparent
platform for trading spot FX.
The
increase in total volume for last month is driven by the uptick in market
activity across the industry, with other institutional venues reporting similar
increases.
Cboe FX,
for instance, reported a 17.9% increase in total volume in March 2023 compared
to the same period last year. The reported figure for March comes in second
only to Cboe's record of $1.2 trillion for March 2020, when market
activity surged due to the Covid-induced volatility.
However,
for units outside of America, the results turned out to be more mixed, as was
the case with FxSpotStream. In Japan, Click 365, which offers FX futures and is
owned by Tokyo Financial Exchange, reported a 41.1% MoM increase in demand for
March as more than 3.3 million contracts were exchanged. However, the demand
for FX futures on the platform decreased by 3.1% YoY.
360T, a
prominent spot FX venue in Europe owned by the Deutsche Borsa Group, recorded a
total monthly trading volume of over $563 million for March, which is up from $530.9
billion in February. However, the demand was significantly lower YoY, as the
platform handled over $655 billion in trading volume in March 2022.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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