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

Oxy and ADNOC’s funding agency to discover carbon seize options in Texas

Occidental and its subsidiary 1PointFive at the moment introduced an settlement with XRG, ADNOC’s funding firm, to judge a possible three way partnership to develop a Direct Air Seize (DAC) facility in South...

This rugged little Chromebook is simply $54.99 + free delivery

Lenovo 11.6″ 100e Chromebook 2nd Gen (2019) MediaTek MT8173C 4GB RAM 16GB eMMC (Refurbished)TL;DR: You possibly can seize a like-new Lenovo 11.6″ Chromebook for simply $54.99—robust, travel-ready, and backed by a Grade A refurb...

Flexi Cap vs. Multi Asset Allocation Mutual Funds: Which one is biggest for you?

With the rising variety of mutual fund decisions, merchants usually face the dilemma of choosing the right type of fund for his or her targets. Two frequent choices that present diversification and dynamic...

Optimization Settings : FxS RSI Professional EA – Buying and selling Techniques – 17 Might 2025

    Desk of Contents1. Overview2. Technique Tester Configuration3. Restoration Strategies Configuration   a. Averaging Down   b. Cease and Reverse   c. D'Alembert...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com