FXSpotStream’s September ADV Climbs 20.5% as Total Volume Hits $1.6T


FXSpotStream, a provider of multi-bank foreign exchange aggregation services for forex spot, swaps and forwards, recorded a total volume of $1.6 trillion in September 2022.

This represents a 15% rise in total volume from August’s $1.4 trillion, even as the average daily volume (ADV) in September jumped 20.5% to $73.4 billion from last month’s $60.9 billion.

These figures are contained in the monthly volume metrics published by FXSpotStream on Monday.

According to the spot forex trading aggregation services provider, the September ADV, which was recorded within a 22-day trading period, is a 51.7% surge from what it posted in the same period last year.

Performance in Recent Months

In August, FXSpotStream saw a 4.9% decline in its ADV which came in at $60.8 billion.

This is despite the fact that total volume in the month increased 4.5% to $1.4 trillion from June’s $1.3 trillion.

Finance Magnates reports that FXSpotStream’s August volumes were pushed up by more trading days (23 days) in a month when the industry witnessed a drop in activities due to the effects of the summer holidays

Meanwhile, FXSpotStream recorded its second best month in operational history in terms of ADV in July; it first achieved the record volume in June.

In July, the bank-owned consortium’s ADV hit $64 billion, coming in behind March’s $70.1 billion.

The ADV was a 0.31% month-over-month increase from June’s volume and a 33.66% jump from July 2021’s record.

“This YoY growth is a strong indicator of the continued market share gains as FXSpotStream continues to grow at the fastest rate of any FX service reporting volumes,” FXSpotStream noted on the record-breaking performance.

FXSpotStream LLC, the company behind FXSpotStream, was established in 2011 as a bank-owned consortium.

The firm enables its clients to execute forex spot, forward, swap and precious metals trades through its multi-bank forex aggregation service.

FXSpotStream, a provider of multi-bank foreign exchange aggregation services for forex spot, swaps and forwards, recorded a total volume of $1.6 trillion in September 2022.

This represents a 15% rise in total volume from August’s $1.4 trillion, even as the average daily volume (ADV) in September jumped 20.5% to $73.4 billion from last month’s $60.9 billion.

These figures are contained in the monthly volume metrics published by FXSpotStream on Monday.

According to the spot forex trading aggregation services provider, the September ADV, which was recorded within a 22-day trading period, is a 51.7% surge from what it posted in the same period last year.

Performance in Recent Months

In August, FXSpotStream saw a 4.9% decline in its ADV which came in at $60.8 billion.

This is despite the fact that total volume in the month increased 4.5% to $1.4 trillion from June’s $1.3 trillion.

Finance Magnates reports that FXSpotStream’s August volumes were pushed up by more trading days (23 days) in a month when the industry witnessed a drop in activities due to the effects of the summer holidays

Meanwhile, FXSpotStream recorded its second best month in operational history in terms of ADV in July; it first achieved the record volume in June.

In July, the bank-owned consortium’s ADV hit $64 billion, coming in behind March’s $70.1 billion.

The ADV was a 0.31% month-over-month increase from June’s volume and a 33.66% jump from July 2021’s record.

“This YoY growth is a strong indicator of the continued market share gains as FXSpotStream continues to grow at the fastest rate of any FX service reporting volumes,” FXSpotStream noted on the record-breaking performance.

FXSpotStream LLC, the company behind FXSpotStream, was established in 2011 as a bank-owned consortium.

The firm enables its clients to execute forex spot, forward, swap and precious metals trades through its multi-bank forex aggregation service.



Source link

Related articles

AI Has Been a ‘Web Unfavourable’ for Crypto: Phemex CEO

Phemex CEO Federico Variola says AI has been a ‘internet unfavourable’ for crypto, regardless of the crypto change saying an AI-focused transformation earlier this yr. Talking on Cointelegraph’s Chain Response, Variola stated AI has...

Google researchers assist develop the primary full digital map of an grownup male fruit fly’s mind, which modders programmed to play Doom, commerce BTC,...

Featured Podcasts Sources: Baseten's CEO on why each firm will need to personal its AI Candid conversations with the leaders shaping what's subsequent in AI and the broader tech business. Hosted by Alex Heath, who has...

Hudson Pacific Properties, Inc. (HPP) Presents at BofA NY World Actual Property Convention 2026 Transcript

Jana GalanBofA Securities, Analysis Division All proper. Good afternoon. Welcome to Financial institution of America's 2026 World Actual Property Convention. I am Jana Galan, BofA's workplace REIT analyst. We're happy to have...

Development Of The Day – Your Onerous stoploss EA – Analytics & Forecasts – 15 September 2026

Development Of The Day Comply with the pattern. Management the danger. Shield the capital. Development...

Vance says Iran battle will shift to new part inside month

Vance's feedback contact immediately on the transport and freight image that has been driving Gulf and Asian oil markets for months. His declare that Hormuz site visitors has recovered previous half of regular...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com