FXSpotStream Sees 4.9% August ADV Decline despite a Rise in Monthly Volume

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FXSpotStream Sees 4.9% August ADV Decline despite a Rise in Monthly Volume

<p>FXSpotStream LLC, a provider of multibank FX aggregation services for spot FX trading, released trading metrics for August. Interestingly, the total volume for <a href="https://www.financemagnates.com/terms/f/forex-trading/" target="_blank" id="258a569f-bf49-4a61-a1b4-bc352d76141f_1" class="terms__main-term">forex trading</a> handled by the platform went up month-over-month by 4.5 percent, with the absolute figure at $1.4 trillion. It happened in a month when the industry witnessed a drop in activities due to the effects of the summer holidays.</p><p>Year-over-year the total volume of trading jumped by almost 43 percent.</p><p>However, the industry-wide trend can be seen in FXSpotStream's average daily volume (ADV), which came in at $60.8 billion. It was a 4.9 percent decline from the previous month but strengthened by 47.2 percent year-over-year.</p><p>The total volume of trading on FXSpotStream for last month only remained behind in March and June 2022. The total trading volume, as well as ADV, <a href="https://www.financemagnates.com/institutional-forex/fxspotstreams-638bn-adv-record-in-june-is-second-highest-ever/" target="_blank">peaked last March</a> with figures at $1.61 trillion and $70.1 billion, respectively.</p><p>The total volume of trading surged despite an ADV as August had 23 trading days, compared to only 21 in July. </p><p>A Major Player in the FX Market</p><p><a href="https://www.financemagnates.com/tag/fxspotstream/" target="_blank">FXSpotStream </a>is a bank-owned consortium established in 2011. Along with its services in the institutional spot <a href="https://www.financemagnates.com/terms/f/forex/" target="_blank" id="6faa6714-7f7b-4d23-b1c5-c0d40807d613_2" class="terms__secondary-term">forex</a> market, the platform has extended services in the derivatives market. In addition, it launched the much-anticipated support for FX Algos and Allocations over its API, thus expanding its services.</p><p>Meanwhile, other institutional forex trading platforms witnessed a similar trading trend in August.</p><p>Cboe, which operates an institutional venue for spot forex trading, reported monthly growth in trading volume, but a <a href="https://www.financemagnates.com/institutional-forex/cboe-fx-markets-sees-a-drop-in-adv-during-august-2022/" target="_blank">decline in the ADV</a> of almost 2.7 percent.</p>

This article was written by Arnab Shome at www.financemagnates.com.

Source: FXSpotStream Sees 4.9% August ADV Decline despite a Rise in Monthly Volume