Continuing the string of strong and record FX trading volumes we’ve been seeing from leading retail and institutional eFX venues to start off 2018, multibank FX aggregation service FXSpotStream has announced that January FX trading volumes came in at $26.3 billion ADV, making January 2018 FXSpotStream’s best month ever – and by a wide margin.
FXSpotStream’s previous volume record was $23.9 billion ADV in September 2017. January 2018 beat that by more than 10%.
By another comparison measure, FXSpotStream averaged $19.5 billion in daily volumes during 2017.
FXSpotStream also saw its second highest volume day ever during January, at $40 billion. The company’s best ever day was at $49 billion on the day after the US election in November 2016.
Overall, total volume for January was $579.5 billion, highest ever for FXSpotStream exceeding by 15% the company’s prior highest overall volume of $502.7 billion in September 2017, and 46% above $396.5 billion in December 2017.
FXSpotStream Monthly Volumes
| Month |
Total Volume* | Avg Daily Volume (ADV) | ADV Change MoM |
ADV Change YoY | Trading Days |
| Jan-18 | $579,463 | $26,339 | +32.8% | +39.7% | 22 |
| Dec-17 | $396,543 | $19,827 | -10.1% | +12.8% | 20 |
| Nov-17 | $485,418 | $22,064 | +10.9% | -1% | 22 |
| Oct-17 | $437,731 | $19,897 | -16.9% | +16.3% | 22 |
| Sept-17 | $502,747 | $23,940 | +24.6% | +54.9% | 21 |
| Aug-17 | $441,936 | $19,215 | +9.5% | +54.6% | 23 |
| Jul-17 | $368,589 | $17,552 | -13.6% | -10.7% | 21 |
| Jun-17 | $446,818 | $20,310 | +16.4% | -2.1% | 22 |
| May-17 | $401,400 | $17,452 | +2% | +8.7% | 23 |
| Apr-17 | $342,322 | $17,116 | -8.9% | -4.8% | 20 |
| Mar-17 | $431,899 | $18,778 | +0.3% | +6.4% | 23 |
| Feb-17 | $374,279 | $18,714 | -0.8% | -10.8% | 20 |
| Jan-17 | $414,863 | $18,857 | +7.3% | -5.6% | 22 |
| Dec-16 | $386,705 | $17,578 | -21.2% | +33.5% | 22 |
| Nov-16 | $490,498 | $22,295 | +30.4% | +69.1% | 22 |
| Oct-16 | $359,176 | $17,104 | +10.7% | +24.5% | 21 |
| Sept-16 | $339,942 | $15,452 | +24.3% | -4.7% | 22 |
| Aug-16 | $285,831 | $12,427 | -36.8% | -20.6% | 23 |
| Jul-16 | $412,617 | $19,648 | -5.3% | +39.6% | 21 |
| Jun-16 | $456,490 | $20,750 | +29.2% | +41.5% | 22 |
| May-16 | $353,326 | $16,060 | -10.7% | +26% | 22 |
| Apr-16 | $377,543 | $17,978 | +1.9% | +41% | 21 |
| Mar-16 | $405,823 | $17,644 | -15.9% | +23.8% | 23 |
| Feb-16 | $440,517 | $20,977 | +5% | +57% | 21 |
| Jan-16 | $399,477 | $19,974 | +51.7% | +21.6% | 20 |
* Volumes in USD millions, single count, for all streaming and matching products.
FXSpotStream is a bank owned consortium operating as a market utility, providing the infrastructure that facilitates a multibank API and GUI to route trades from clients to Liquidity Providers. FXSpotStream provides liquidity from 13 leading global banks – BofA Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, Standard Chartered, State Street and UBS.