FXSpotStream’s $63.8bn ADV Record in June Is Second Highest Ever

FXSpotStream, a provider of multi-bank foreign exchange aggregation services for forex spot, swaps and forwards, in June 2022 hit its second highest monthly average daily trading volume (ADV) ever.

The LiquidityMatch subsidiary saw its volumes increase 9.32% month-on-month (MoM) to $63.837 billion last month.

The new height, based on 22 trading days, surpassed the price streaming service provider’s $63.1 billion ADV record from February.

Until now, the February figure was the second-highest monthly volume seen in the spot venue operator's operational history.

FXSpotStream disclosed these details to Finance Magnates on Friday

The spot venue operator services clients who support FX spot, swaps, forwards, non-deliverable forwards and swaps, and precious metals spots and 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.

‘Over $1 trillion Six Months In a Row’

According to FXSpotStream, its ADV year-on-year (YoY) increased by 30.04% in June.

Additionally, the streaming service provider’s year-to-date ADV surged by 23.93% YoY, capping at $61.731 billion.

Moreover, FXSpotStream said its overall volume YoY hit $1.404 trillion in June. This represents a 30.4% jump, it said.

This overall volume is "the 6th month in a row with supported volume [reaching] well over $1 trillion,” the forex market services provider noted.

“In the first half (H1) of 2022, FXSpotStream supported USD7.963 trillion, with an H1 ADV of USD61.731billion, which is an increase of 23.93% when compared to H1 2021,” FXSpotStream explained.

In 2021, FXSpotStream recorded an ADV of US$48.397 billion. This was a 13.48% YoY jump from its posting in 2020.

Furthermore, the marketplace provider last year saw its overall volume cross the US$12 trillion mark for the first time in the company’s history.

Meanwhile, FXSpotStream was recently awarded the ‘Best Venue for Spot’ Award at the FX Markets e-FX Awards 2022.

According to organizers, the Awards celebrate the efforts market participants make to grow electronic foreign exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term trading.