FX Institutional Volumes Rebound at Euronext, FXSpotStream

The average daily volume on the spot foreign exchange market of Euronext FX stood at $15.85 billion.

Euronext, the first pan-European exchange, today announced its trading volumes and metrics for December 2019, which incurred a year-over-year decline, but managed to secure some growth over November’s metrics.

Euronext FX, formerly FastMatch, is reporting a total of $333 billion that has changed hands during December 2019, representing a six percent increase from the $313 billion reported back in November 2019.

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Meanwhile, the average daily volume on the spot foreign exchange market of Euronext FX stood at $15.85 billion, up 6.3 percent compared to November’s $14.91 billion. On a yearly timetable, the figure is down 17 percent from $19.11 billion reported back in December 2018.

Foreign exchange trading volumes at FXSpotStream LLC platforms, the aggregator service of LiquidityMatch LLC, also rebounded slightly last month after dropping sharply in November to its weakest in nearly 15 months.

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Unlike most other FX venues, the FXSpotStream service was open 22 days in December.

FXSpotStream’s ADV hit its record in August

FXSpotStream reported an average daily volume (ADV) of $31.09 billion in December, up by less than one percent over a monthly basis from $30.95 billion back in November 2019. This figure, however, reflects a year-on-year drop of four percent compared with $32.52 billion in December 2018.

FXSpotStream’s ADV remains far below August’s numbers when volumes shot up to a new all-time high. In August, FXSpotStream recorded its highest ADV ever at $43.2 billion supported by the most volume in any one month since FSS went live.

FXSpotStream’s offering is a client-to-bank platform, with each liquidity taker required to ‎create individual credit relationships with participating banks.‎ This differs from other multi-dealer platforms such as FX ECNs like Hotspot and ‎EBS Markets that operate with centralized order book systems for their participants.

Meanwhile, FXSpotStream saw a rebound across its total trading volumes last month after it reported $684 billion for the month, up five percent from $650 billion in November.

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