FXSpotStream Marks June as Best Month of First Half of 2017

Wednesday, 05/07/2017 | 12:37 GMT by Victor Golovtchenko
  • The first summer months didn’t affect FXSpotStream’s performance at all.
FXSpotStream Marks June as Best Month of First Half of 2017
FM

Multi-bank institutional foreign exchange trading venue FXSpotStream has just published its latest trading volumes figures. During the month of June the company registered an increase in average daily trading volumes of 16.4 percent month-on-month. Last month was the best for the company since November 2016.

The number comes at $20.3 billion daily, which is just 2 percent lower when compared to June 2016. Considering the extraordinary effects of the Brexit vote, which took place in the same month last year, the results of FxSpotStream show remarkable resilience when compared to the rest of the industry.

Total trading volumes for the month increased by 11.3 percent month-on-month in June, marking the same 2 percent decline as ADVs when compared to a year ago.

Major trading activity across the industry during the month was confined to a couple of major bursts of Volatility . The UK election results and increasing uncertainty about the future of US fiscal policy have contributed to some breakouts away from recent ranges, with the British pound stabilizing rather quickly.

The results are contrasting to institutional foreign exchange trading venues such as Fastmatch, GTX and Hotspot which all reported month-on-month declines in June.

As the industry is preparing for the seasonally slow tightest months of the year in July and August, FXSpotStream is showing resilience when compared to its peers. During the first six months of the year, the company reported average daily trading volumes which are higher by about 2 percent when compared to ADVs for the whole of 2016.

Multi-bank institutional foreign exchange trading venue FXSpotStream has just published its latest trading volumes figures. During the month of June the company registered an increase in average daily trading volumes of 16.4 percent month-on-month. Last month was the best for the company since November 2016.

The number comes at $20.3 billion daily, which is just 2 percent lower when compared to June 2016. Considering the extraordinary effects of the Brexit vote, which took place in the same month last year, the results of FxSpotStream show remarkable resilience when compared to the rest of the industry.

Total trading volumes for the month increased by 11.3 percent month-on-month in June, marking the same 2 percent decline as ADVs when compared to a year ago.

Major trading activity across the industry during the month was confined to a couple of major bursts of Volatility . The UK election results and increasing uncertainty about the future of US fiscal policy have contributed to some breakouts away from recent ranges, with the British pound stabilizing rather quickly.

The results are contrasting to institutional foreign exchange trading venues such as Fastmatch, GTX and Hotspot which all reported month-on-month declines in June.

As the industry is preparing for the seasonally slow tightest months of the year in July and August, FXSpotStream is showing resilience when compared to its peers. During the first six months of the year, the company reported average daily trading volumes which are higher by about 2 percent when compared to ADVs for the whole of 2016.

About the Author: Victor Golovtchenko
Victor Golovtchenko
  • 3424 Articles
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About the Author: Victor Golovtchenko
Victor Golovtchenko: Key voice in crypto and FX, providing cutting-edge market analysis.
  • 3424 Articles
  • 20 Followers

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