FxSpotStream reports increased volume compared to August despite a yearly decline.
The company changed monthly volume reporting rules for greater transparency.
Spot
foreign exchange transactions for institutional investors have continued to show
mixed results for another consecutive month. The latest data from FxSpotStream,
a New Jersey-based provider of multibank price streaming services for FX spot
and swaps, confirms this trend. While the total average daily volume (ADV) was
higher in September compared to August, it showed a decline on a year-over-year
(YoY) basis.
FxSpotStream Announces September 2023 Volumes and Introduces New
Reporting Guidelines
In a
message sent to Finance Magnates, FxSpotStream announced that it now provides more detailed information about its monthly volumes, breaking them
down into more categories. Tom San
Pietro, the Chief Technology Officer and Interim CEO of FxSpotStream explained
that this move aims to align with market standards and enhance transparency. As
a result, spot FX volumes have been separated to better showcase where trading
is taking place.
"Our
core product is, and always has been spot, and we see that reflected in our
volumes. We feel that the move helps to improve transparency in the FX market
and highlights the excellent work that is being done on a daily basis at
FxSpotStream," added Pietro.
However,
moving on to the actual results, the total ADV in September was $95.99 billion,
increasing 8.63% compared to August's figure of $60.8 billion. However,
when comparing this result with the figures from the same period last year, the
indicator recorded a decline of 10.03%.
This also applies to spot ADV volumes,
which grew 8.7% to $52.2 billion in September but fell by almost 12% YoY. A
similar dynamic was also observed in the "other ADV" category where
the monthly result improved 8.4% to $13.8 billion, but the YoY result
declined 2.6%.
FxSpotStream
additionally noted that the number of trading days in September was 21 instead of 23 trading days.
Other Centers Also Report
Mixed Results
As reported
by Finance Magnates yesterday, other major trading centers showed mixed
spot volumes in the FX market for September 2023. While Cboe FX and Deutsche
Börse's 360T saw a rebound after a weak August, Euronext FX and Click365
reported a decline in trading activity.
For Cboe
FX, September values were $952.01 billion, compared to $944.44 billion reported
a month earlier. 360T saw an increase of over $80 billion, reaching $585.77
billion. Euronext FX, however, recorded a decline in volume from $518 billion
to $503 billion, and Japan's Click365 dropped 16.7% to a level of 1,917,266
contracts.
Spot
foreign exchange transactions for institutional investors have continued to show
mixed results for another consecutive month. The latest data from FxSpotStream,
a New Jersey-based provider of multibank price streaming services for FX spot
and swaps, confirms this trend. While the total average daily volume (ADV) was
higher in September compared to August, it showed a decline on a year-over-year
(YoY) basis.
FxSpotStream Announces September 2023 Volumes and Introduces New
Reporting Guidelines
In a
message sent to Finance Magnates, FxSpotStream announced that it now provides more detailed information about its monthly volumes, breaking them
down into more categories. Tom San
Pietro, the Chief Technology Officer and Interim CEO of FxSpotStream explained
that this move aims to align with market standards and enhance transparency. As
a result, spot FX volumes have been separated to better showcase where trading
is taking place.
"Our
core product is, and always has been spot, and we see that reflected in our
volumes. We feel that the move helps to improve transparency in the FX market
and highlights the excellent work that is being done on a daily basis at
FxSpotStream," added Pietro.
However,
moving on to the actual results, the total ADV in September was $95.99 billion,
increasing 8.63% compared to August's figure of $60.8 billion. However,
when comparing this result with the figures from the same period last year, the
indicator recorded a decline of 10.03%.
This also applies to spot ADV volumes,
which grew 8.7% to $52.2 billion in September but fell by almost 12% YoY. A
similar dynamic was also observed in the "other ADV" category where
the monthly result improved 8.4% to $13.8 billion, but the YoY result
declined 2.6%.
FxSpotStream
additionally noted that the number of trading days in September was 21 instead of 23 trading days.
Other Centers Also Report
Mixed Results
As reported
by Finance Magnates yesterday, other major trading centers showed mixed
spot volumes in the FX market for September 2023. While Cboe FX and Deutsche
Börse's 360T saw a rebound after a weak August, Euronext FX and Click365
reported a decline in trading activity.
For Cboe
FX, September values were $952.01 billion, compared to $944.44 billion reported
a month earlier. 360T saw an increase of over $80 billion, reaching $585.77
billion. Euronext FX, however, recorded a decline in volume from $518 billion
to $503 billion, and Japan's Click365 dropped 16.7% to a level of 1,917,266
contracts.
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.
FX Volatility Impacts Q1 Revenue of Compagnie Financière Tradition
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
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/
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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
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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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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