FX Volumes at FXSpotStream Rise in October YoY

Foreign exchange trading volumes across FXSpotStream LLC platforms rose 16.5 percent over a yearly basis in October 2020, data showed on Monday.

FXSpotStream reported an average daily volume (ADV) of $39.8 billion, which was higher from $33.3 billion reported back in October 2019. This figure was also 25 percent greater than Cboe HotSpot’s ADV of $31.0 billion.

Across a monthly interval, the ADV metric in October 2020 decreased by 11 percent when weighed against $43.7 billion in September 2020.

October 2020 saw a total of 22 trading days, the same as it was in the month prior. In terms of total volumes at FXSpotStream, the last month showed $855 billion, which was higher by more than 11 percent year-on-year from $767 ‎billion in October 2019.

Activity on FXSpotStream’s trading venue had been consolidating over the last few months, namely since the aggregator service of LiquidityMatch LLC reported a record $1.37 trillion in total volumes for March.

FXSpotStream on a Hiring Spree

Elsewhere, institutional Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term provider, Integral reported earlier today its monthly ‎trading volumes for October. This demonstrated improvement compared to September and also the year earlier.

Integral said that the average daily volumes (ADV) across its platforms totaled $43.8 billion in October 2020, an increase of 6.8% over a monthly timeframe.

Other institutional FX platforms, including Thomson Reuters, are further expected to report a slight rise in volumes of last month.

FXSpotStream provides a multibank FX aggregation service for spot FX trading. The platform operates as a bank-owned consortium that provides the infrastructure to facilitate the route of trades from clients to 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 providers.

Earlier in August, the company bolstered its sales team globally with the addition of Hajime Tezuka to its sales force in Tokyo. Further, the company has revealed exclusively to Finance Magnates that it has onboarded Rhys Bryan to its sales team in London.

Furthermore, in July, FXSpotStream LLC appointed Richard Kaltenbach as General Counsel, based in the company’s Jersey City offices, to provide support to FXSpotStream’s global businesses.