FXSpotStream July 2018 FX volumes down 9% MoM to $27.7 billion ADV

FXSpotStream forex volumes

After reporting record trading volumes in the first half of the year, multibank FX aggregation service FXSpotStream has reported figures indicating that July volumes were down slightly from June, off 9% to $27.7 billion ADV versus $30.4 billion the previous month.

We’d note, however, that June’s $30.4B figure was an all-time best for the company. And, that other leading institutional eFX venues are also reporting similar seasonal summer slowdowns.

FXSpotstream FX volumes Jul2018

Some of the results to note at FXSpotStream included:

  • FXSpotStream grew at the fastest rate of any eFX venue in the first 6 months of 2018 – ADV was up 49% YoY to a total volume in the first 6 months of USD3.561 trillion
  • FXSpotStream supported an additional USD1.15 trillion in volume in the first 6 months of this year when compared to the same period in 2017
  • July’s ADV YoY advance continued increasing 58% when compared to the ADV in July 2017
  • ADV in July increased to USD27.714 billion from USD17.552 billion supported in July 2017
  • FXSpotStream MoM ADV was down slightly in July, dropping 8.74% from June which recorded the highest ADV on the service ever at over USD30.4 billion
Total Volume* Avg Daily Volume (ADV) ADV Change MoM
ADV Change YoY Trading Days
Jul-18 $609,704 $27,714 -8.7% +57.9% 22
Jun-18 $637,719 $30,368 +8.2% +49.5% 21
May-18 $645,411 $28,061 +14.3% +60.8% 23
Apr-18 $515,696 $24,557 -10.9% +43.5% 21
Mar-18 $606,011 $27,546 -4.5% +46.7% 22
Feb-18 $576,631 $28,832 +9.5% +54.1% 20
Jan-18 $579,463 $26,339 +32.8% +39.7% 22
* Volumes in USD millions, single count, for all streaming and matching products.

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 13 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, State Street and UBS.

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