Financial and Business News

FXSpotStream UK’s Revenue Rise Continues: 2024 Sees 19% Jump

Thursday, 17/07/2025 | 06:03 GMT by Arnab Shome
  • The UK-registered entity netted $194K on revenue of $4.2 million.
  • Meanwhile, the ADV on the platform peaked last April at $122 billion.
FXSPOTSTREAM-header-min
FM

The 2024 turnover of the UK branch of FXSpotStream, a multibank FX aggregation services provider for spot foreign exchange trading, rose by over 19 per cent year-on-year to $4.2 million, according to the company’s latest filings with Companies House.

The Rising Revenue

Despite the higher profits, the company's administrative expenses also increased to $3.9 million, up from $3.3 million the previous year.

The filings of FXSpotStream Europe further showed that its profits before taxes for 2024 were $275,911, approximately 11 per cent higher than the previous year. After tax, the company netted $194,971.

The latest figures marked another year of revenue and profit growth for the UK-registered company.

It is important to note that the figures refer only to the UK unit, FXSpotStream Europe, and not the entire group.

Income statement of FXSpotStream Europe Ltd
Income statement of FXSpotStream Europe Ltd

You may also like: Why Did Forex Trading Volumes Crash in May 2025?

Trump’s Tariffs Pushed the Numbers

FXSpotStream is a bank-owned consortium founded in 2011. In addition to its services in the institutional spot forex market, the platform has expanded into the derivatives space. It also launched support for FX Algos and Allocations over its API, extending its service offering.

FXSpotStream Europe Ltd is the UK-registered support unit anchoring the group’s EMEA presence, while the core price-streaming and matching technology remains under FXSpotStream LLC.

Meanwhile, the trading volumes handled by FXSpotStream have been increasing steadily. The average daily volume (ADV), reported by the platform, peaked last April at over $122 billion—coinciding with market volatility driven by US President Donald Trump’s tariff policies. However, volumes corrected in the following months.

The ADV on FXSpotStream in May and June stood at $98.7 billion and $102.6 billion, respectively.

The 2024 turnover of the UK branch of FXSpotStream, a multibank FX aggregation services provider for spot foreign exchange trading, rose by over 19 per cent year-on-year to $4.2 million, according to the company’s latest filings with Companies House.

The Rising Revenue

Despite the higher profits, the company's administrative expenses also increased to $3.9 million, up from $3.3 million the previous year.

The filings of FXSpotStream Europe further showed that its profits before taxes for 2024 were $275,911, approximately 11 per cent higher than the previous year. After tax, the company netted $194,971.

The latest figures marked another year of revenue and profit growth for the UK-registered company.

It is important to note that the figures refer only to the UK unit, FXSpotStream Europe, and not the entire group.

Income statement of FXSpotStream Europe Ltd
Income statement of FXSpotStream Europe Ltd

You may also like: Why Did Forex Trading Volumes Crash in May 2025?

Trump’s Tariffs Pushed the Numbers

FXSpotStream is a bank-owned consortium founded in 2011. In addition to its services in the institutional spot forex market, the platform has expanded into the derivatives space. It also launched support for FX Algos and Allocations over its API, extending its service offering.

FXSpotStream Europe Ltd is the UK-registered support unit anchoring the group’s EMEA presence, while the core price-streaming and matching technology remains under FXSpotStream LLC.

Meanwhile, the trading volumes handled by FXSpotStream have been increasing steadily. The average daily volume (ADV), reported by the platform, peaked last April at over $122 billion—coinciding with market volatility driven by US President Donald Trump’s tariff policies. However, volumes corrected in the following months.

The ADV on FXSpotStream in May and June stood at $98.7 billion and $102.6 billion, respectively.

About the Author: Arnab Shome
Arnab Shome
  • 7211 Articles
  • 130 Followers
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.

More from the Author

Institutional FX