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 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.
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.
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 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.
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.
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.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Devexperts Teams Up with nuam Exchange to Boost Equity and Derivatives Trading
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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