FXSpotStream sets total monthly FX volumes record in May at $645 billion

After reporting record trading volumes throughout Q1, multibank FX aggregation service FXSpotStream has announced that May volumes totaled $645.4 billion, a record for the company.

Average daily volumes of $28.1 billion were slightly off FXSpotStream’s record in that regard, $28.8 billion set in February 2018 (but as February had 3 fewer trading days, total volumes in February were not as large as in May).

FXSpotstream FX volumes May2018

Some of the results to note at FXSpotStream included:

  • Overall volume MoM (May ’18 vs April ’18) increased 25.2%.
  • Overall volume YoY (May ’18 vs May ’17) increased 60.8%.
  • ADV in May MoM (May vs April ’18) increased 14.3% – the 2nd highest ADV on record at USD28.061 billion.
  • ADV YoY (May ’18 vs May ’17) increased 60.8% – continuing an ADV increase of over 40% YoY every month so far in 2018.
  • ADV for first 5 months of the year is up 48.8% when compared to the same time last year.
Total Volume* Avg Daily Volume (ADV) ADV Change MoM
ADV Change YoY Trading Days
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.

Read Also: