<p class=”MsoNormal”>FXSpotStream LLC, a provider of multibank FX aggregation services for spot FX trading, published its trading metrics for December, reporting $1.26 trillion in total volume. The figure has weakened by 14.4% from the previous month but has strengthened significantly compared to the same period a year earlier.</p><p>FXSpotStream Volume Drops after Three Strong Months</p><p class=”MsoNormal”>According to the FXSpotStream’s turnover data, the total volume declined for the fourth consecutive month and was the lowest since February 2022, when the metric stood at $1.26 trillion. However, it is worth noting that November, October and September were among the best months in the company’s history regarding the total trading activity. <a href=”https://www.financemagnates.com/institutional-forex/fxspotstream-sees-27-mom-decline-in-novembers-adv/” target=”_blank” rel=”follow”>In November, the total volume amounted to $1.48 trillion</a>.</p><p class=”MsoNormal”>The Average Daily Volume (ADV) handled by the platform dropped 14.4% Month-over-Month (MoM) to $57,602 while recording a hefty increase of 34.3% Year-over-Year (YoY) when ADV stood at $42,894.</p><p class=”MsoNormal”>FXSpotStream is a bank-owned consortium established in 2011. Along with its services in the institutional spot <a href=”https://www.financemagnates.com/terms/f/forex/” target=”_blank” id=”6faa6714-7f7b-4d23-b1c5-c0d40807d613_1″ class=”terms__main-term”>forex</a> market, the platform has extended services in the derivatives market. In addition, it launched the much-anticipated support for FX Algos and Allocations over its API, thus expanding its services.</p><p>Holiday Season Pushed Institutional Spot FX Volume Lower</p><p class=”MsoNormal”>The monthly figures of FXSpotStream <a href=”https://www.financemagnates.com/institutional-forex/holiday-season-pushes-institutional-spot-fx-venues-december-volume-lower/” target=”_blank” rel=”follow”>followed the same trend</a> as other major institutional spot <a href=”https://www.financemagnates.com/terms/f/forex-trading/” target=”_blank” id=”258a569f-bf49-4a61-a1b4-bc352d76141f_1″ class=”terms__secondary-term”>forex trading</a> venues, including Cboe FX and Deutsche Börse’s 360T. The noticeable slowdown in the industry in the last month of the year is a key characteristic of the holiday season when traders’ activity drops significantly for about two weeks.</p><p class=”MsoNormal”><a href=”https://www.financemagnates.com/tag/cboe-fx/” target=”_blank” rel=”follow”>Cboe FX Markets</a> ended the month with a total volume of more than $773 billion, which translates to a 16% MoM decline. However, the figures came in at 13.5% stronger when compared to the last month of 2021. The ADV came in at more than $35.1 billion, declining from $41.8 billion reported in November.</p><p class=”MsoNormal”><a href=”https://www.financemagnates.com/tag/360t/” target=”_blank” rel=”follow”>360T</a>, which is a major spot FX venue in Europe, showed a monthly volume of $490 billion, translating to an MoM decline of 10% from $545 billion reported last month. The overall activity was higher than a year ago, although growth proved modest. In December 2021, 360T reported a total trading volume of $481 billion, translating to YoY growth of 2%.</p>
This article was written by Damian Chmiel at www.financemagnates.com.
