FXSpotStream today released its trading volumes for April 2021. The platform saw $1.07 trillion in total trading volume during the last month, compared to $1.25 trillion in March 2021.
According to the official numbers, the average daily volume (ADV) stood at $48.7 billion in April 2021, which is a jump of 43% compared to the same period in 2020. However, the latest ADV numbers were down nearly 11% compared to March 2021. FXSpotStream reported $54.6 billion in ADV during March 2021.
FXSpotStream has seen consistent growth in total trading volume and the ADV since the start of 2021. The platform reported $980 billion in total trading volume during the first month of this year. In February 2021, the total trading volume jumped to $991 billion. FXSpotStream posted a significant jump in total trading volume and the ADV during March 2021.
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April had a total of 22 trading days, compared to 23 trading days in March 2021. The platform had 20 trading days in February 2021 and similar trading days in January this year. March 2020 was a record-breaking month for FXSpotStream as the platform saw $1.37 trillion in total trading volume and $62 billion in the ADV.
Earlier this week, Cboe FX Markets reported a dip in the monthly trading volumes for April 2021. The total ADV for April came in at $30.7 billion, which is a significant drop from $38.2 billion in March 2021. The FX trading venue reported a total trading volume of $677 billion last month, compared to $880 billion in March 2021. Deutsche Borse and other trading venues reported a dip in trading volumes for the last month. The latest numbers from FXSpotStream, Cboe FX Markets, and other trading venues show that the FX trading activity has decreased during the last month.
In January 2021, FXSpotStream highlighted the growing demand for FX Algos and announced that it will add several FX Algo strategies. Finance Magnates reported about the joining of industry veteran, Merg Limani as the Regional Support Manager for Americas at FXSpotStream in December 2020.