FXSpotStream’s November Volumes Record Second Highest Reading in 2017

During the month of November 2017, FXSpotStream reported an average daily volume (ADV) of $22.06 billion.

FXSpotStream LLC, the aggregator service of LiquidityMatch LLC, today announced its latest volumes for the month ending November 2017, which took a step forward, ultimately recording its second best figure for 2017, according to a company statement.‎

During the month of November 2017, FXSpotStream reported an average daily volume (ADV) of $22.06 billion, which represented a slight move lower over a yearly timeframe, as volumes incurred a ‎fall of 1.0 percent year-on-year from $22.3 billion back in November 2016. However, the latest figures, which encompass all ‎of the group’s streaming and matching products, constitute a jump of 10.9 percent in terms of volumes from October 2017.‎

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Indeed, November’s volumes are lower 7 percent off from the company’s peak for this year which was recorded at $23.9 billion back in August 2017.

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FXSpotStream also saw a sizable increase across its total trading volumes in November 2017 after reporting $485.4 billion for the month, up 10.9 percent month-on-month from $437.7 billion back in October 2017.

FXSpotStream is a wholly owned subsidiary of LiquidityMatch LLC, and was created as a ‎cost-effective platform, which is offered on a commission free model for buyside firms to ‎tap pricing from banks using a multi-dealer aggregating platform.

The group started the ‎streaming aggregation business in 2011 with just a spot FX API and 6 liquidity providers, but now ‎utilizes liquidity from a total of 13 leading global banks – 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, UBS and State Street. ‎

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.

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