FXSpotStream LLC, a provider of multibank FX aggregation services for
spot FX trading, recovered from its holiday low from last year as it generated
a total monthly volume of $1.3 trillion in January. The volume grew by 3% from $1.26 trillion
in December.
The aggregation service, which published its 22-day trading metrics for
January 2023 on Wednesday, also saw its average daily volume (ADV) jump by 5.2%
to $60.6 billion in January, up from $57.6 billion posted in the prior
month. However, compared to January 2022, FXSpotStream’s total volume last
month improved by a greater measure, rising by 14.3% year-over-year (YoY).
Meanwhile, Finance Magnates reported earlier in the month that the 11-year-plus journey of Alan F. Schwarz, who co-founded FXSpotStream in August 2011, comes to an end this month. Schwarz saw FXSpotStream through its growth phase as the aggregation service expanded its client base to streaming liquidity providers such as Barclays, BofA Merrill Lynch, Societe Generale, Citi and Commerzbank.
Across the industry, other institutional venues for trading spot forex also
reported increases in their trading volume in January as they rebounded from the lows recorded in December
2022 as a result of the holidays.
Cboe FX, the institutional forex trading venue owned by Chicago-based
Cboe, reported a 16.% increase in its trading volume which reached $901 billion in January, up from
$773 billion in the prior month. The venue’s ADV also rose by 18% to $41.3
billion last month. However, compared to January 2022’s $767.7 billion, Cboe FX’s total montly volume in January 2023
jumped by a higher 17.4%.
Check out the FMLS22 session on “Upstart Products Boosting Your Bottom Line.”
In Europe, 360T, a Deutsche Boerse’ owned forex trading platform,
also reported a rebound as total monthly trading volume rose by 4.5% to $512
billion, down from $490 billion in December 2022. Compared year-over-year, this
represents a 7.5% uptick on the major European trading platform.
On the contrary, Click 365, a Japanese platform for trading FX
daily futures, reported a decline in January 2023. FX futures contracts traded
on the platform, which was launched by the Tokyo Financial Exchange in 2005,
went down by 11.9% month-over-month to approximately 2.7 million contracts.
However, year-over-year, the number of contracts increased by 39.7%.
FXSpotStream LLC, a provider of multibank FX aggregation services for
spot FX trading, recovered from its holiday low from last year as it generated
a total monthly volume of $1.3 trillion in January. The volume grew by 3% from $1.26 trillion
in December.
The aggregation service, which published its 22-day trading metrics for
January 2023 on Wednesday, also saw its average daily volume (ADV) jump by 5.2%
to $60.6 billion in January, up from $57.6 billion posted in the prior
month. However, compared to January 2022, FXSpotStream’s total volume last
month improved by a greater measure, rising by 14.3% year-over-year (YoY).
Meanwhile, Finance Magnates reported earlier in the month that the 11-year-plus journey of Alan F. Schwarz, who co-founded FXSpotStream in August 2011, comes to an end this month. Schwarz saw FXSpotStream through its growth phase as the aggregation service expanded its client base to streaming liquidity providers such as Barclays, BofA Merrill Lynch, Societe Generale, Citi and Commerzbank.
Across the industry, other institutional venues for trading spot forex also
reported increases in their trading volume in January as they rebounded from the lows recorded in December
2022 as a result of the holidays.
Cboe FX, the institutional forex trading venue owned by Chicago-based
Cboe, reported a 16.% increase in its trading volume which reached $901 billion in January, up from
$773 billion in the prior month. The venue’s ADV also rose by 18% to $41.3
billion last month. However, compared to January 2022’s $767.7 billion, Cboe FX’s total montly volume in January 2023
jumped by a higher 17.4%.
Check out the FMLS22 session on “Upstart Products Boosting Your Bottom Line.”
In Europe, 360T, a Deutsche Boerse’ owned forex trading platform,
also reported a rebound as total monthly trading volume rose by 4.5% to $512
billion, down from $490 billion in December 2022. Compared year-over-year, this
represents a 7.5% uptick on the major European trading platform.
On the contrary, Click 365, a Japanese platform for trading FX
daily futures, reported a decline in January 2023. FX futures contracts traded
on the platform, which was launched by the Tokyo Financial Exchange in 2005,
went down by 11.9% month-over-month to approximately 2.7 million contracts.
However, year-over-year, the number of contracts increased by 39.7%.