Multibank FX aggregation service FXSpotStream has reported a total volume of $412,617 million in July 2016. True that last month had one trading day less than the 22 in June but the 9.6% drop from $456,490 million is quite obvious anyway.
The ADV change YoY is +39.6% though. And still, considering the holidays in the beginning of July, the performance of the company is actually getting better and better with each month.
FXSpotStream is a wholly owned subsidiary of LiquidityMatch LLC (which is ultimately a bank owned consortium), and provides the infrastructure that facilitates a multi-bank 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.
