FXSpotStream Continues Marking Impressive Trading Volumes Growth in July

FXSpotStream has released its latest set of trading volumes to the public with figures for the month of July remaining solid. The company has reported that total trading volumes amounted to $412.6 billion which is lower only by 9.6 per cent when compared to last month’s figures which were greatly impacted by the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term vote.

The foreign exchange ECN (Electronic Communications Network) trading venue has marked Average Daily Volumes (ADV) at $19.6 billion, a figure that is higher by 39.6 per cent when compared to a year ago and lower than last month by merely 5.3 per cent.

Considering the impact of the 4th of July holidays on these figures, which usually lead to a couple of days with slower trading activity, the performance of FXSpotStream in July has been quite solid. The metrics have continued to be impacted by pockets of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term which has been the theme since the beginning of the year.

Compared to the rest of major ECNs that have already reported their numbers for last month, FXSpotStream is performing rather briskly, with year-on-year growth only mimicked by Fastmatch, which has committed substantial resources to expanding its sales staff in the past year.

The results are another reminder that the Brexit vote, just around the time that calendar summer began, has impacted trading volumes across the industry in a positive way. Companies are seeing unusually high trading activity for a month like July, which is typically slower.