FXSpotStream’s September Volumes Rebound Higher, Kindled By Volatility

Volumes were pointed higher in September, rebounding off of 2016 lows in August.

FXSpotStream LLC, a provider of multibank FX streaming aggregation and matching services across multiple asset classes, has released its latest volumes for the month ending September 2016, having showed a healthy uptick in its figures over a MoM basis, according to an FXSpotStream statement.

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FXSpotStream is a wholly owned subsidiary of LiquidityMatch LLC – the group utilizes liquidity 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.

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During the month of September 2016, FXSpotStream reported an average daily volume (ADV) of $15.4 billion, which represented a jump of 24.3% MoM from $12.4 billion back in August 2016, which had represented a 2016 low for the venue. With volatility returning to markets, volumes were given a welcome boost, which were reflected in the September figures. In addition, the latest figures in September 2016 also reflect slight decline of -4.7% YoY from September 2015.

Despite securing a sizable gain in September 2016, FXSpotStream’s ADV has been unable to approach a previous peak of $21.0 billion set back in February 2016 – 2016 has been a mixed bag however, with the group finally snapping a consecutive monthly decine in volumes since a June, when the Brexit –induced volatility jolted markets worldwide.

September 2016 saw a total of 22 trading days, compared with 23 in the month prior. In terms of total volumes at FXSpotStream, September 2016 showed $339.9 billion, which was also higher by 18.9% MoM $285.8 billion in August 2016.

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