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FXSpotStream’s November Volumes Record Second Highest Reading in 2017

by Aziz Abdel-Qader
  • During the month of November 2017, FXSpotStream reported an average daily volume (ADV) of $22.06 billion.
FXSpotStream’s November Volumes Record Second Highest Reading in 2017
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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.‎

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.

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.

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.‎

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.

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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