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

Police cost driver who allegedly killed a pedestrian whereas livestreaming on TikTok

Native police mentioned they've charged an Illinois driver who struck and killed a pedestrian whereas she was livestreaming on TikTok. The New York Instances reviews that Tynesha McCarty-Wroten, who posts to TikTok below the...

Coinbase claims arrest within the $355 million insider extortion scheme that focused practically 70,000 prospects

Coinbase mentioned a former buyer help agent was arrested in India as investigators probe a breach tied to insider bribery and buyer knowledge theft.Chief Government Officer Brian Armstrong mentioned on Dec. 27 that...

How executives at humanoid robotic startups like Agility Robotics and Weave Robotics are managing security dangers and tempering expectations for the know-how (Sean McLain/Wall...

Featured Podcasts Lenny's Podcast: 10 contrarian management truths each chief wants to listen to | Matt MacInnis (Rippling) Interviews with world-class product leaders and development consultants to uncover actionable recommendation that can assist you construct, launch,...

Automate Your Revenue Machine: Dividend Growers Constructed For Any Market

This text was written byObserveRida Morwa is a former funding and business Banker, with over 35 years of expertise. He has been advising particular person and institutional purchasers on high-yield funding methods since...

Individuals who grew up with little or no cash however turned financially secure normally credit score these 8 surprising habits

Rising up in a working-class family exterior Manchester, I keep in mind the precise second I understood what “stretching cash” actually meant. I used to be about twelve, watching my dad fastidiously rely out...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com