FxSpotStream's August ADV Falls to $60.8 Billion
- Volumes are falling after two months of increases.
- The trend fits in with data reported by other companies in the sector.
Last week, Finance Magnates reported that spot foreign exchange transactions for institutional investors showed mixed results in August, with a predominant downward trend. This data corroborates the results for the same period reported by FxSpotStream, the New Jersey-based provider of multibank price streaming services for FX spot and swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term. In August, the total average daily volume (ADV) was $60.8 billion, compared to $65.1 billion reported a month earlier.
FxSpotStream Reports Lowest Total ADV since May
Regarding the total volume, FxSpotStream reached $1.39 trillion in August, which is slightly higher than in July. However, it's important to note that August had more trading days. Last month, investors had 23 opportunities to place their orders, compared to 21 times in the previous month.
The spot ADV value was $48 billion, compared to $52.5 billion in July. In the 'Other ADV' category, which is a modest increase from $12.5 billion to $12.7 billion was not enough to offset the declines in the spot market volumes.
Historically, the August figure is one of the worst in the last 12 months, only outdone by December 2022, March and May 2023. This also breaks the streak of consistent growth from June to July.
2022 Results and New Hires
FXSpotstream Europe Ltd, the European arm of a leading multibank FX aggregation services provider for spot FX trading, recently released its 2022 financial report. The data revealed that the company experienced growth across all key financial metrics compared to the previous year. The firm posted a gross revenue of $2.6 million, which is up from $1.9 million in 2021. After accounting for expenses, the operating profit reached $123,000. This is a slight increase from $108,000 the year before.
On top of that, the company reported a net profit of $112,407, marking an increase of 34% from the $83,703 recorded in 2021. Retained earnings for the year totaled $607,580, growing by over $100,000 year-over-year.
In leadership changes, the company welcomed Jeff Ward as the new CEO, succeeding Alan F. Schwarz, the company's Founder. Previously the Global Head of Electronic Brokering Services at CME Group, Jeff Ward was announced as the new leader by LiquidityMatch, FXSpotStream's parent company.
Earlier in the year, the firm bolstered its executive team by appointing Jeremy Rose as the Senior Vice President and Head of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term Management, based in London.
Last week, Finance Magnates reported that spot foreign exchange transactions for institutional investors showed mixed results in August, with a predominant downward trend. This data corroborates the results for the same period reported by FxSpotStream, the New Jersey-based provider of multibank price streaming services for FX spot and swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term. In August, the total average daily volume (ADV) was $60.8 billion, compared to $65.1 billion reported a month earlier.
FxSpotStream Reports Lowest Total ADV since May
Regarding the total volume, FxSpotStream reached $1.39 trillion in August, which is slightly higher than in July. However, it's important to note that August had more trading days. Last month, investors had 23 opportunities to place their orders, compared to 21 times in the previous month.
The spot ADV value was $48 billion, compared to $52.5 billion in July. In the 'Other ADV' category, which is a modest increase from $12.5 billion to $12.7 billion was not enough to offset the declines in the spot market volumes.
Historically, the August figure is one of the worst in the last 12 months, only outdone by December 2022, March and May 2023. This also breaks the streak of consistent growth from June to July.
2022 Results and New Hires
FXSpotstream Europe Ltd, the European arm of a leading multibank FX aggregation services provider for spot FX trading, recently released its 2022 financial report. The data revealed that the company experienced growth across all key financial metrics compared to the previous year. The firm posted a gross revenue of $2.6 million, which is up from $1.9 million in 2021. After accounting for expenses, the operating profit reached $123,000. This is a slight increase from $108,000 the year before.
On top of that, the company reported a net profit of $112,407, marking an increase of 34% from the $83,703 recorded in 2021. Retained earnings for the year totaled $607,580, growing by over $100,000 year-over-year.
In leadership changes, the company welcomed Jeff Ward as the new CEO, succeeding Alan F. Schwarz, the company's Founder. Previously the Global Head of Electronic Brokering Services at CME Group, Jeff Ward was announced as the new leader by LiquidityMatch, FXSpotStream's parent company.
Earlier in the year, the firm bolstered its executive team by appointing Jeremy Rose as the Senior Vice President and Head of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term Management, based in London.