FxSpotStream Volumes Rises to $1.54 Trillion, Third Month in a Row
- Volumes rebound from the December low, with an ADV of $57.6 billion.
- However, year-on-year performance is worse than in March 2022.
FXSpotStream, the provider of multibank FX aggregation services, has announced its trading metrics for March 2023. The company recorded a total monthly volume of $1.54 trillion, which is up 6.2% from the previous month's total volume of $1.26 trillion.
FxSpotStream Reports Higher MoM Volumes in March 2023
FXSpotStream's ADV for March 2023 was $66.8 billion, representing a 6.2% month-over-month (MoM) increase from the previous month's ADV of $62.9 billion. Despite the MoM increase, the ADV decreased by 4.8% year-over-year (YoY), standing at $66.8 billion for March 2023 compared to $70.2 billion in March 2022.
Analyzing volumes since the beginning of the year, we can see increasing market activity and a steady increase in value. This is a significant rebound in ADV from the low in December 2022, when the results reached $57.6 billion. It was already $61 billion in January and almost $63 billion in February, as mentioned above.
FXSpotStream's March 2023 trading volumes were spread over 23 trading days, compared to 20 trading days in February 2023 and 22 trading days in January 2023.
The aggregation service continues to serve a broad range of clients, including streaming liquidity providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term such as Barclays, BofA Merrill Lynch, Societe Generale, Citi, and Commerzbank. The company's multibank FX aggregation services provide its clients with a reliable, high-speed, and transparent platform for trading spot FX.
Finance Magnates reported that Alan F. Schwarz, who co-founded FXSpotStream in August 2011, ended his 11-year-plus journey with the company in February.
FxSpotStream Compared to Other Venues
The increase in total volume for last month is driven by the uptick in market activity across the industry, with other institutional venues reporting similar increases.
Cboe FX, for instance, reported a 17.9% increase in total volume in March 2023 compared to the same period last year. The reported figure for March comes in second only to Cboe's record of $1.2 trillion for March 2020, when market activity surged due to the Covid-induced 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.
However, for units outside of America, the results turned out to be more mixed, as was the case with FxSpotStream. In Japan, Click 365, which offers FX futures and is owned by Tokyo Financial Exchange, reported a 41.1% MoM increase in demand for March as more than 3.3 million contracts were exchanged. However, the demand for FX futures on the platform decreased by 3.1% YoY.
360T, a prominent spot FX venue in Europe owned by the Deutsche Borsa Group, recorded a total monthly trading volume of over $563 million for March, which is up from $530.9 billion in February. However, the demand was significantly lower YoY, as the platform handled over $655 billion in trading volume in March 2022.
FXSpotStream, the provider of multibank FX aggregation services, has announced its trading metrics for March 2023. The company recorded a total monthly volume of $1.54 trillion, which is up 6.2% from the previous month's total volume of $1.26 trillion.
FxSpotStream Reports Higher MoM Volumes in March 2023
FXSpotStream's ADV for March 2023 was $66.8 billion, representing a 6.2% month-over-month (MoM) increase from the previous month's ADV of $62.9 billion. Despite the MoM increase, the ADV decreased by 4.8% year-over-year (YoY), standing at $66.8 billion for March 2023 compared to $70.2 billion in March 2022.
Analyzing volumes since the beginning of the year, we can see increasing market activity and a steady increase in value. This is a significant rebound in ADV from the low in December 2022, when the results reached $57.6 billion. It was already $61 billion in January and almost $63 billion in February, as mentioned above.
FXSpotStream's March 2023 trading volumes were spread over 23 trading days, compared to 20 trading days in February 2023 and 22 trading days in January 2023.
The aggregation service continues to serve a broad range of clients, including streaming liquidity providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term such as Barclays, BofA Merrill Lynch, Societe Generale, Citi, and Commerzbank. The company's multibank FX aggregation services provide its clients with a reliable, high-speed, and transparent platform for trading spot FX.
Finance Magnates reported that Alan F. Schwarz, who co-founded FXSpotStream in August 2011, ended his 11-year-plus journey with the company in February.
FxSpotStream Compared to Other Venues
The increase in total volume for last month is driven by the uptick in market activity across the industry, with other institutional venues reporting similar increases.
Cboe FX, for instance, reported a 17.9% increase in total volume in March 2023 compared to the same period last year. The reported figure for March comes in second only to Cboe's record of $1.2 trillion for March 2020, when market activity surged due to the Covid-induced 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.
However, for units outside of America, the results turned out to be more mixed, as was the case with FxSpotStream. In Japan, Click 365, which offers FX futures and is owned by Tokyo Financial Exchange, reported a 41.1% MoM increase in demand for March as more than 3.3 million contracts were exchanged. However, the demand for FX futures on the platform decreased by 3.1% YoY.
360T, a prominent spot FX venue in Europe owned by the Deutsche Borsa Group, recorded a total monthly trading volume of over $563 million for March, which is up from $530.9 billion in February. However, the demand was significantly lower YoY, as the platform handled over $655 billion in trading volume in March 2022.