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<p>FXSpotStream, a provider of multi-bank foreign <a href="https://www.financemagnates.com/terms/e/exchange/" target="_blank" id="b5da6e64-2afe-421d-9b81-16404b7d59d6_1" class="terms__main-term">exchange</a> aggregation services for forex spot, swaps and forwards, recorded a total volume of $1.6 trillion in September 2022. </p><p>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.</p><p>These figures are contained in the monthly volume metrics published by FXSpotStream on Monday.</p><p>According to the spot forex trading aggregation services provider, the September ADV, which was recorded within a 22-day trading period, has had a 51.7% surge from what it posted in the same period last year. </p><p>Performance in Recent Months</p><p>In August, FXSpotStream <a href="https://www.financemagnates.com/institutional-forex/fxspotstream-sees-49-august-adv-decline-despite-a-rise-in-monthly-volume/">saw a 4.9% decline</a> in its ADV which came in at $60.8 billion. </p><p>This is despite the fact that the total volume in the month increased 4.5% to $1.4 trillion from June's $1.3 trillion.</p><p>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.</p><p>Meanwhile, FXSpotStream recorded <a href="https://www.financemagnates.com/institutional-forex/fxspotstream-sees-64b-in-july-adv-second-best-month-in-operational-history/">its second-best month</a> in operational history in terms of ADV in July; <a href="https://www.financemagnates.com/institutional-forex/fxspotstreams-638bn-adv-record-in-june-is-second-highest-ever/">it first achieved</a> the record volume in June.</p><p>In July, the bank-owned consortium's ADV hit $64 billion, coming in behind <a href="https://www.financemagnates.com/institutional-forex/fxspotstream-posts-adv-of-701-billion-in-march-2022/" target="_blank">March's $70.1 billion</a>.</p><p>The ADV was a 0.31% month-over-month increase from June's volume and a 33.66% jump from July 2021's record.</p><p>"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.</p><p>FXSpotStream LLC, the company behind FXSpotStream, was established in 2011 as a bank-owned consortium.</p><p>The firm enables its clients to execute <a href="https://www.financemagnates.com/terms/f/forex/" target="_blank" id="6faa6714-7f7b-4d23-b1c5-c0d40807d613_3" class="terms__secondary-term">forex</a> spot, forward, swap and precious metals trades through its multi-bank forex aggregation service.</p>

This article was written by Solomon Oladipupo at www.financemagnates.com.