FXSpotStream Reports Slight Rebound in May Volumes

Activity on FXSpotStream’s trading venue has increased from a month earlier, though it still disappoints when compared to the 2020 peak it hit in March when the aggregator service of LiquidityMatch LLC reported a record $1.37 trillion in total volumes.

FXSpotStream reported an average daily volume (ADV) of $36.1 billion in May, up by 6.3 percent over a monthly basis from $34 billion in April 2020. This figure also reflects a slight year-on-year advance by 3.50 percent compared with its counterpart from May 2019.

FXSpotStream May’s ADV was 14.06% greater than CBOE HotSpot’s ADV of 31.365 billion.

May 2020 saw a total of 21 trading days, compared to 22 days in the month prior. In terms of total volumes at FXSpotStream, the last month showed $758 billion, which was marginally higher month-on-month from $747 ‎billion in April 2020.

This number is almost half that of March 2020 when FXSpotStream crossed the $1 trillion milestone for the first time in the group’s nine-year history.

FXSpotStream expands panel

FXSpotStream has recently added Societe Generale as the 15^th bank available to clients connected to its price aggregation service.

Societe Generale’s e-FX franchise joins to the existing panel of global banks providing 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 to FXSS’s clients, which include Barclays, BofA Merrill Lynch, MUFG Bank, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Standard Chartered, State Street, and UBS.

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 Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term.

The group started the ‎streaming aggregation business in 2011 with just a spot FX API and six liquidity providers but now ‎utilizes liquidity from a total of fourteen leading global banks.

Meanwhile, 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.