Multibank FX aggregation service FXSpotStream has reported that June was its busiest month ever, as the company recorded an all-time service record for FX volume supported in any one month at $456 billion.
The prior overall record was $441 billion, set in February.
On an average daily volumes basis, June’s $20.8 billion ADV was up 29% MoM over May’s $16.1 billion.
FXSpotStream’s report continues the stellar June FX volumes results we have seen from other leading institutional eFX venues including Gain Capital’s GTX, FastMatch, and Hotspot FX.
FXSpotStream is a wholly owned subsidiary of LiquidityMatch LLC (which is ultimately a bank owned consortium), and provides the infrastructure that facilitates a multi-bank 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.