Muted Changes Seen at FXSpotStream and Integral Volumes for July

Integral said the average daily volumes (ADV) across its platforms totaled $37.4 billion in July 2020.

Activity on FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, dropped slightly last month, but it was still well above the $900 billion mark across its streaming and matching products. The company reported an average daily volume (ADV) of $40.4 billion. This deteriorated on a monthly basis by 7 percent from $43.2 billion back in June 2020. Still, the ADV figure increased by 11 percent from year-ago levels, when weighed against $36.2 billion in July 2019.

FXSpotStream also saw a mild drop across its total trading volumes in July 2020 after reporting just $929 billion for the month. This was down 3 percent from $952 billion in June. The difference seen can’t be explained by fewer working days since July saw a total of 23 trading days relative to 22 days in the month prior.

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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.

Integral Reports a Slight Advance

Elsewhere, institutional trading platform provider, Integral reported its monthly ‎trading volumes for July. This demonstrated improvement compared to June and also the year earlier.

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Integral said that the average daily volumes (ADV) across its platforms totalled $37.4 billion in July 2020, which rose by 6.6 percent over a monthly timeframe, compared to $35.1 billion in June.

Additionally, July volumes were above those reached in the same month a year ago. Specifically, the latest figures reflect a 10 percent increase when weighed against the metrics of July 2019.

Overall, the changes in volumes across major ECNs and institutional platform were muted compared to 2019. This was aside a small drop month-over-month, which may have been to lower volatility across certain currencies in the reported month.

 

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