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 .
‘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 trading.
