FXSpotStream Forex volumes flat in February at $18.7 billion ADV


fxspotstream fx volume

Multibank FX aggregation service FXSpotStream has reported that volumes on its system were fairly flat in February, down 1% MoM at $18.7 billion average daily volume.

In context, however, FxSpotStream’s volumes were fairly healthy given larger declines we have seen at other leading institutional eFX venues such as Hotspot FX, FastMatch, and GTX.

FXSpotStream is a bank owned consortium operating as a market utility, providing the infrastructure that facilitates a multibank API and GUI to route trades from clients to Liquidity Providers. FXSpotStream provides liquidity from 12 leading global banks – BofA Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Standard Chartered and UBS.

FXSpotStream monthly volumes

 Month
Total Volume* Avg Daily Volume (ADV) ADV Change MoM
ADV Change YoY Trading Days
Feb-17 $374,279 $18,714 -0.8% -10.8% 20
Jan-17 $414,863 $18,857 +7.3% -5.6% 22
Dec-16 $386,705 $17,578 -21.2% +33.5% 22
Nov-16 $490,498 $22,295 +30.4% +69.1% 22
Oct-16 $359,176 $17,104 +10.7% +24.5% 21
Sept-16 $339,942 $15,452 +24.3% -4.7% 22
Aug-16 $285,831 $12,427 -36.8% -20.6% 23
Jul-16 $412,617 $19,648 -5.3% +39.6% 21
Jun-16 $456,490 $20,750 +29.2% +41.5% 22
May-16 $353,326 $16,060 -10.7% +26% 22
Apr-16 $377,543 $17,978 +1.9% +41% 21
Mar-16 $405,823 $17,644 -15.9% +23.8% 23
Feb-16 $440,517 $20,977 +5% +57% 21
Jan-16 $399,477 $19,974 +51.7% +21.6% 20

*Volumes in USD millions, single count, for all streaming and matching products.

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FXSpotStream Forex volumes flat in February at $18.7 billion ADV

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