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FXSpotStream Sees 2.7% MoM Decline in November's ADV

by Arnab Shome
  • The total monthly volume came in higher than the previous month.
  • Other institutional FX platforms also saw a similar trend last month.
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FXSpotStream LLC, a provider of multibank FX aggregation services for spot FX trading, published its trading metrics for November, reporting $1.48 trillion in total monthly volumes. The figure has strengthened by 2 percent from the previous month and almost 31 percent year-over-year.

However, the average daily volume (ADV) handled by the platform dropped by 2.7 percent month-over-month, with the absolute figure at more than $67 billion. The figure improved year-over-year as it increased by 31 percent.

The ADV dropped month-over-month despite a higher monthly volume because November had 22 trading days compared to 21 in the previous month.

An Industry-Wide Trend

The monthly figures of FXSpotStream followed the same trend as Cboe FX, a prominent American institutional spot FX trading platform . That platform also witnessed a marginal increase in total monthly volume, but ADV dropped by nearly 2 percent. Deutsche Borse's 360T, on the other hand, did not follow this trend, as the total monthly volume and ADV on the platform both jumped month-over-month. However, demand on the European platform declined year-over-year.

FXSpotStream is a bank-owned consortium established in 2011. Along with its services in the institutional spot forex market, the platform has extended services in the derivatives market. In addition, it launched the much-anticipated support for FX Algos and Allocations over its API, thus expanding its services.

Its total monthly volume in November came in to be third best in the company's operational history, only behind last September and March. Its total volume peaked in March at $1.61 trillion. And, November was the 11th consecutive month the platform reported a figure above a trillion dollars.

FXSpotStream LLC, a provider of multibank FX aggregation services for spot FX trading, published its trading metrics for November, reporting $1.48 trillion in total monthly volumes. The figure has strengthened by 2 percent from the previous month and almost 31 percent year-over-year.

However, the average daily volume (ADV) handled by the platform dropped by 2.7 percent month-over-month, with the absolute figure at more than $67 billion. The figure improved year-over-year as it increased by 31 percent.

The ADV dropped month-over-month despite a higher monthly volume because November had 22 trading days compared to 21 in the previous month.

An Industry-Wide Trend

The monthly figures of FXSpotStream followed the same trend as Cboe FX, a prominent American institutional spot FX trading platform . That platform also witnessed a marginal increase in total monthly volume, but ADV dropped by nearly 2 percent. Deutsche Borse's 360T, on the other hand, did not follow this trend, as the total monthly volume and ADV on the platform both jumped month-over-month. However, demand on the European platform declined year-over-year.

FXSpotStream is a bank-owned consortium established in 2011. Along with its services in the institutional spot forex market, the platform has extended services in the derivatives market. In addition, it launched the much-anticipated support for FX Algos and Allocations over its API, thus expanding its services.

Its total monthly volume in November came in to be third best in the company's operational history, only behind last September and March. Its total volume peaked in March at $1.61 trillion. And, November was the 11th consecutive month the platform reported a figure above a trillion dollars.

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