FXSpotStream's Volumes Record Fresh 2016 Highs in November

FXSpotStream LLC, a provider of multibank FX streaming aggregation and matching services across multiple asset classes, has released its latest volumes for the month ending November 2016, which yielded a strong growth on a MoM basis, per a FXSpotStream report.

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For many, the recent month was characterized by an explosion of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, dictated by the impact of the US election and its surprisingly end. This helped instigate an uptick in volumes that was lacking in October, ultimately constituting a fresh 2016 high at FXSpotStream.

2016 Peak

During the month of November 2016, FXSpotStream reported an average daily volume (ADV) of $22.3 billion, which represented a sizable boost of 30.4% MoM from $17.1 billion back in October 2016. In addition, November’s strong performance happened just three months after its 2016 low of $12.4 billion in volumes, FXSpotStream’s largest volume disparity in over a year.

With volatility spiking in early November and in the weeks that followed, volumes were also much higher over a YoY basis, largely due to the absence of a US election in November 2015 – this was quantified as a growth of 69.1% YoY from November 2015 in terms of ADV.

November 2016 saw a total of 22 trading days, compared with 21 in the month prior. In terms of total volumes at FXSpotStream, November 2016 showed $490.5 billion, a 2016 high, which was also trending upwards by a factor of 36.6% MoM $359.2 billion in October 2016.