Multibank FX aggregation service FXSpotStream has reported that volumes on its system were fairly flat in March, for the third month in a row.
Average daily volume at FXSpotStream came in at $18.8 billion in March – versus $18.7 billion in February and $18.9 billion in January.
In context, however, FXSpotStream’s volumes were not as good as those seen at other leading institutional eFX venues such as Hotspot FX, FastMatch, and GTX, each reporting strong increases over February.
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 12 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 and UBS.
FXSpotStream monthly volumes
| Month |
Total Volume* | Avg Daily Volume (ADV) | ADV Change MoM |
ADV Change YoY | Trading Days |
| 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