FxSpotStream reports increased volume compared to August despite a yearly decline.
The company changed monthly volume reporting rules for greater transparency.
Spot
foreign exchange transactions for institutional investors have continued to show
mixed results for another consecutive month. The latest data from FxSpotStream,
a New Jersey-based provider of multibank price streaming services for FX spot
and swaps, confirms this trend. While the total average daily volume (ADV) was
higher in September compared to August, it showed a decline on a year-over-year
(YoY) basis.
FxSpotStream Announces September 2023 Volumes and Introduces New
Reporting Guidelines
In a
message sent to Finance Magnates, FxSpotStream announced that it now provides more detailed information about its monthly volumes, breaking them
down into more categories. Tom San
Pietro, the Chief Technology Officer and Interim CEO of FxSpotStream explained
that this move aims to align with market standards and enhance transparency. As
a result, spot FX volumes have been separated to better showcase where trading
is taking place.
"Our
core product is, and always has been spot, and we see that reflected in our
volumes. We feel that the move helps to improve transparency in the FX market
and highlights the excellent work that is being done on a daily basis at
FxSpotStream," added Pietro.
However,
moving on to the actual results, the total ADV in September was $95.99 billion,
increasing 8.63% compared to August's figure of $60.8 billion. However,
when comparing this result with the figures from the same period last year, the
indicator recorded a decline of 10.03%.
This also applies to spot ADV volumes,
which grew 8.7% to $52.2 billion in September but fell by almost 12% YoY. A
similar dynamic was also observed in the "other ADV" category where
the monthly result improved 8.4% to $13.8 billion, but the YoY result
declined 2.6%.
FxSpotStream
additionally noted that the number of trading days in September was 21 instead of 23 trading days.
Other Centers Also Report
Mixed Results
As reported
by Finance Magnates yesterday, other major trading centers showed mixed
spot volumes in the FX market for September 2023. While Cboe FX and Deutsche
Börse's 360T saw a rebound after a weak August, Euronext FX and Click365
reported a decline in trading activity.
For Cboe
FX, September values were $952.01 billion, compared to $944.44 billion reported
a month earlier. 360T saw an increase of over $80 billion, reaching $585.77
billion. Euronext FX, however, recorded a decline in volume from $518 billion
to $503 billion, and Japan's Click365 dropped 16.7% to a level of 1,917,266
contracts.
Spot
foreign exchange transactions for institutional investors have continued to show
mixed results for another consecutive month. The latest data from FxSpotStream,
a New Jersey-based provider of multibank price streaming services for FX spot
and swaps, confirms this trend. While the total average daily volume (ADV) was
higher in September compared to August, it showed a decline on a year-over-year
(YoY) basis.
FxSpotStream Announces September 2023 Volumes and Introduces New
Reporting Guidelines
In a
message sent to Finance Magnates, FxSpotStream announced that it now provides more detailed information about its monthly volumes, breaking them
down into more categories. Tom San
Pietro, the Chief Technology Officer and Interim CEO of FxSpotStream explained
that this move aims to align with market standards and enhance transparency. As
a result, spot FX volumes have been separated to better showcase where trading
is taking place.
"Our
core product is, and always has been spot, and we see that reflected in our
volumes. We feel that the move helps to improve transparency in the FX market
and highlights the excellent work that is being done on a daily basis at
FxSpotStream," added Pietro.
However,
moving on to the actual results, the total ADV in September was $95.99 billion,
increasing 8.63% compared to August's figure of $60.8 billion. However,
when comparing this result with the figures from the same period last year, the
indicator recorded a decline of 10.03%.
This also applies to spot ADV volumes,
which grew 8.7% to $52.2 billion in September but fell by almost 12% YoY. A
similar dynamic was also observed in the "other ADV" category where
the monthly result improved 8.4% to $13.8 billion, but the YoY result
declined 2.6%.
FxSpotStream
additionally noted that the number of trading days in September was 21 instead of 23 trading days.
Other Centers Also Report
Mixed Results
As reported
by Finance Magnates yesterday, other major trading centers showed mixed
spot volumes in the FX market for September 2023. While Cboe FX and Deutsche
Börse's 360T saw a rebound after a weak August, Euronext FX and Click365
reported a decline in trading activity.
For Cboe
FX, September values were $952.01 billion, compared to $944.44 billion reported
a month earlier. 360T saw an increase of over $80 billion, reaching $585.77
billion. Euronext FX, however, recorded a decline in volume from $518 billion
to $503 billion, and Japan's Click365 dropped 16.7% to a level of 1,917,266
contracts.
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:
🔗 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!
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!