FXSpotStream Sees ADV Uptick in April, Allaying Industry-Wide Pullback

FXSpotStream LLC, a provider of multibank FX streaming aggregation and matching services across multiple asset classes, has published its inaugural monthly metrics, detailing its supported volumes across its core business.

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FXSpotStream is a wholly owned subsidiary of LiquidityMatch LLC – the group utilizes Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term from a total of twelve leading global banks, including such industry leaders as 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.

During the month of April 2016, FXSpotStream reported an average daily volume (ADV) of $18.0 billion, which represented a jump of 1.9% MoM from $17.6 billion back in March 2016. Furthermore, the latest figures also constitute a jump of 41.0% YoY in terms of volumes from April 2015 and encompass all of the group’s streaming and matching products.

Despite securing a small gain in April 2016, FXSpotStream’s ADV has been unable to reclaim a peak of $21.0 billion set back in February 2016. However, April 2016’s growing ADV came during a month of lighter trading, given a total of only 21 trading days, compared to 23 in the month prior.

According to Alan F. Schwarz, CEO, FXSpotStream, in a recent statement on the volumes: “We started the streaming aggregation business in 2011 with just a spot FX API and 6 Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term. In the last 4 plus years we have significantly expanded the streaming aggregation offering and now support trading in spot FX and spot precious metals, FX forwards and swaps and multiple order types, and we have doubled the number of Liquidity Providers to 12.”

“Today we have clients in all of the major financial centers, and to support our expansion we recently upgraded and doubled the capacity of our infrastructure in each of our co-location sites in New York, London and Tokyo,” he added.

Earlier this year, FXSpotStream made headlines when it was added to the Foreign Exchange Professionals Association (FXPA) as the latest member of its exclusive group of foreign exchange markets participants.