After reporting record trading volumes in the first half of the year, multibank FX aggregation service FXSpotStream has reported figures indicating that July volumes were down slightly from June, off 9% to $27.7 billion ADV versus $30.4 billion the previous month.
We’d note, however, that June’s $30.4B figure was an all-time best for the company. And, that other leading institutional eFX venues are also reporting similar seasonal summer slowdowns.
Some of the results to note at FXSpotStream included:
- FXSpotStream grew at the fastest rate of any eFX venue in the first 6 months of 2018 – ADV was up 49% YoY to a total volume in the first 6 months of USD3.561 trillion
- FXSpotStream supported an additional USD1.15 trillion in volume in the first 6 months of this year when compared to the same period in 2017
- July’s ADV YoY advance continued increasing 58% when compared to the ADV in July 2017
- ADV in July increased to USD27.714 billion from USD17.552 billion supported in July 2017
- FXSpotStream MoM ADV was down slightly in July, dropping 8.74% from June which recorded the highest ADV on the service ever at over USD30.4 billion
| Month |
Total Volume* | Avg Daily Volume (ADV) | ADV Change MoM |
ADV Change YoY | Trading Days |
| Jul-18 | $609,704 | $27,714 | -8.7% | +57.9% | 22 |
| Jun-18 | $637,719 | $30,368 | +8.2% | +49.5% | 21 |
| May-18 | $645,411 | $28,061 | +14.3% | +60.8% | 23 |
| Apr-18 | $515,696 | $24,557 | -10.9% | +43.5% | 21 |
| Mar-18 | $606,011 | $27,546 | -4.5% | +46.7% | 22 |
| Feb-18 | $576,631 | $28,832 | +9.5% | +54.1% | 20 |
| Jan-18 | $579,463 | $26,339 | +32.8% | +39.7% | 22 |
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.