The volume surged 10%, hitting a record $73.6 billion.
It was a continuation of the solid end to 2023.
The start of the new year saw a significant rebound in spot foreign exchange
trading volumes reported by FXSpotStream. According to data for January 2024,
the total average daily volume (ADV) increased 10% both month-on-month and
year-on-year, reaching $73.6 billion.
FXSpotStream Volumes Rise
in January
The number
of trading days in January was one more than in December for the FX electronic
liquidity distribution provider, totaling 22 days. As a result, the total
monthly volumes rose to $1,619 billion last month.
Looking at
the spot market data, the ADV reached $57.7 billion in January, improving 10% compared to December, when this figure was $49.2 billion. The year-on-year
change was very similar, at 9%, compared to $49.7 billion reported for spot ADV
in the same period a year earlier.
Notably,
the spot ADV and total ADV values reported by FXSpotStream are the highest
since at least 2019. FXSpotStream does not provide data for earlier years on
its website.
The high
January performance aligns with the strong results achieved throughout 2023,
especially towards the end. As Finance Magnates reported, FXSpotStream reported
a total ADV of $70 billion in November.
FXSpotStream's New
Liquidity Pool and New CEO
Last month,
the company announced that Wells Fargo has joined as the 16th liquidity
provider on its foreign exchange price streaming service. This is the first new
liquidity provider added since NatWest joined over a year ago in 2023. Prior to
NatWest, no new entities had joined FXSpotStream's liquidity pool since 2020.
FXSpotStream's
Chief Technology Officer, Tom San Pietro, stated that the addition of Wells
Fargo demonstrates the high interest from banks to join as liquidity providers.
He said that FXSpotStream's growth, client service, performance and reliability
have made it an appealing platform.
Following
Schwarz's departure, San Pietro temporarily filled the CEO role until Ward's
official appointment, which was confirmed via a LinkedIn post. The transition
comes as FXSpotStream, an electronic FX liquidity distribution provider, looks
to continue expanding its liquidity pool and client base under new permanent
leadership.
The start of the new year saw a significant rebound in spot foreign exchange
trading volumes reported by FXSpotStream. According to data for January 2024,
the total average daily volume (ADV) increased 10% both month-on-month and
year-on-year, reaching $73.6 billion.
FXSpotStream Volumes Rise
in January
The number
of trading days in January was one more than in December for the FX electronic
liquidity distribution provider, totaling 22 days. As a result, the total
monthly volumes rose to $1,619 billion last month.
Looking at
the spot market data, the ADV reached $57.7 billion in January, improving 10% compared to December, when this figure was $49.2 billion. The year-on-year
change was very similar, at 9%, compared to $49.7 billion reported for spot ADV
in the same period a year earlier.
Notably,
the spot ADV and total ADV values reported by FXSpotStream are the highest
since at least 2019. FXSpotStream does not provide data for earlier years on
its website.
The high
January performance aligns with the strong results achieved throughout 2023,
especially towards the end. As Finance Magnates reported, FXSpotStream reported
a total ADV of $70 billion in November.
FXSpotStream's New
Liquidity Pool and New CEO
Last month,
the company announced that Wells Fargo has joined as the 16th liquidity
provider on its foreign exchange price streaming service. This is the first new
liquidity provider added since NatWest joined over a year ago in 2023. Prior to
NatWest, no new entities had joined FXSpotStream's liquidity pool since 2020.
FXSpotStream's
Chief Technology Officer, Tom San Pietro, stated that the addition of Wells
Fargo demonstrates the high interest from banks to join as liquidity providers.
He said that FXSpotStream's growth, client service, performance and reliability
have made it an appealing platform.
Following
Schwarz's departure, San Pietro temporarily filled the CEO role until Ward's
official appointment, which was confirmed via a LinkedIn post. The transition
comes as FXSpotStream, an electronic FX liquidity distribution provider, looks
to continue expanding its liquidity pool and client base under new permanent
leadership.
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
#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:
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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
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!