After two consecutive record months for FX trading volumes to start 2018, multibank FX aggregation service FXSpotStream has announced that March volumes came in at $27.5 billion ADV – slightly (4%) below February’s record $28.8 billion ADV, but still topping January’s $26.3 billion making March 2018 FXSpotStream’s second best month ever.
FXSpotStream’s previous volume record coming into 2018 was $23.9 billion ADV in September 2017. By another comparison measure, FXSpotStream averaged $19.5 billion in daily volumes during 2017.
Overall volume in March at FXSpotStream was $606 billion, topping February’s $576.63 billion, noting that there were more trading days in March than February.
In another measure, comparing Q1 2018 (Jan-March) versus Q4 2017 (Oct-Dec) ADV increased by 33.5%.
FXSpotStream Monthly Volumes
| Month |
Total Volume* | Avg Daily Volume (ADV) | ADV Change MoM |
ADV Change YoY | Trading Days |
| 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.