The volume surged 10%, hitting a record $73.6 billion.
It was a continuation of the solid end to 2023.
FM
The start of the new year saw a significant rebound in spot foreign exchange
trading volumes reported by FXSpotStream. According to data for January 2024,
the total average daily volume (ADV) increased 10% both month-on-month and
year-on-year, reaching $73.6 billion.
FXSpotStream Volumes Rise
in January
The number
of trading days in January was one more than in December for the FX electronic
liquidity distribution provider, totaling 22 days. As a result, the total
monthly volumes rose to $1,619 billion last month.
Looking at
the spot market data, the ADV reached $57.7 billion in January, improving 10% compared to December, when this figure was $49.2 billion. The year-on-year
change was very similar, at 9%, compared to $49.7 billion reported for spot ADV
in the same period a year earlier.
Source: Finance Magnates, FxSpotStream
Notably,
the spot ADV and total ADV values reported by FXSpotStream are the highest
since at least 2019. FXSpotStream does not provide data for earlier years on
its website.
The high
January performance aligns with the strong results achieved throughout 2023,
especially towards the end. As Finance Magnates reported, FXSpotStream reported
a total ADV of $70 billion in November.
FXSpotStream's New
Liquidity Pool and New CEO
Last month,
the company announced that Wells Fargo has joined as the 16th liquidity
provider on its foreign exchange price streaming service. This is the first new
liquidity provider added since NatWest joined over a year ago in 2023. Prior to
NatWest, no new entities had joined FXSpotStream's liquidity pool since 2020.
FXSpotStream's
Chief Technology Officer, Tom San Pietro, stated that the addition of Wells
Fargo demonstrates the high interest from banks to join as liquidity providers.
He said that FXSpotStream's growth, client service, performance and reliability
have made it an appealing platform.
Following
Schwarz's departure, San Pietro temporarily filled the CEO role until Ward's
official appointment, which was confirmed via a LinkedIn post. The transition
comes as FXSpotStream, an electronic FX liquidity distribution provider, looks
to continue expanding its liquidity pool and client base under new permanent
leadership.
The start of the new year saw a significant rebound in spot foreign exchange
trading volumes reported by FXSpotStream. According to data for January 2024,
the total average daily volume (ADV) increased 10% both month-on-month and
year-on-year, reaching $73.6 billion.
FXSpotStream Volumes Rise
in January
The number
of trading days in January was one more than in December for the FX electronic
liquidity distribution provider, totaling 22 days. As a result, the total
monthly volumes rose to $1,619 billion last month.
Looking at
the spot market data, the ADV reached $57.7 billion in January, improving 10% compared to December, when this figure was $49.2 billion. The year-on-year
change was very similar, at 9%, compared to $49.7 billion reported for spot ADV
in the same period a year earlier.
Source: Finance Magnates, FxSpotStream
Notably,
the spot ADV and total ADV values reported by FXSpotStream are the highest
since at least 2019. FXSpotStream does not provide data for earlier years on
its website.
The high
January performance aligns with the strong results achieved throughout 2023,
especially towards the end. As Finance Magnates reported, FXSpotStream reported
a total ADV of $70 billion in November.
FXSpotStream's New
Liquidity Pool and New CEO
Last month,
the company announced that Wells Fargo has joined as the 16th liquidity
provider on its foreign exchange price streaming service. This is the first new
liquidity provider added since NatWest joined over a year ago in 2023. Prior to
NatWest, no new entities had joined FXSpotStream's liquidity pool since 2020.
FXSpotStream's
Chief Technology Officer, Tom San Pietro, stated that the addition of Wells
Fargo demonstrates the high interest from banks to join as liquidity providers.
He said that FXSpotStream's growth, client service, performance and reliability
have made it an appealing platform.
Following
Schwarz's departure, San Pietro temporarily filled the CEO role until Ward's
official appointment, which was confirmed via a LinkedIn post. The transition
comes as FXSpotStream, an electronic FX liquidity distribution provider, looks
to continue expanding its liquidity pool and client base under new permanent
leadership.
Damian Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia.
His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates’ quarterly industry benchmarking reports. Damian’s reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch.
Education:
MA in Finance and Accounting, Cracow University of Economics
Cboe Files SEC Proposal for 24x5 Trading on EDGX: Also Plans Partial-Payout Prediction Markets
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
