FXSpotStream
released its trading metrics for June 2023 today (Monday), reporting its second
consecutive month of growth in total trading volume following a significant dip
in April. Last month, the total volume recorded by the New Jersey-based
provider of multibank price streaming services for FX spot and swaps, climbed
by 9% month-over-month (MoM) to $1.39 trillion, rising from $1.28 trillion
generated in May.
In the
latest figure, FXSpotStream reported an increase of 13.5% in its average daily
volume (ADV). This is as the daily average rose from $55.5 billion in May to
approximately $63 billion last month.
Earlier in
May, total volumes had risen by 14% MoM to $1.28 trillion, with the
daily average increasing marginally by 0.4% to $55.5 billion. These figures trailed 28%
and 17.2% decreases in total
volume and ADV, respectively, recorded in April.
However, while FXSpotStream’s
latest total monthly and daily average volumes represent a two-month high, they
failed to break above the best performance recorded so far this year: $1.54
trillion in total volume and $66.8 billion in daily average, which were posted in
March.
Finance Magnates reported that FXSpotStream’s volumes jumped during
the first three months of 2023, only dropping for the first time in
April.
Spot FX
Market Rises for 2nd Month in a Row
Meanwhile, the two-month consecutive increase
in spot FX volume is not unique
to FXSpotStream, whose European arm recently grew its net profit by
34%. According
to the latest data from Cboe FX Markets, Deutsche Börse’s 360T, and Tokyo
Financial Exchange’s Click365, the demand for institutional forex trading rebounded in June for the second consecutive
month, despite a
lower number of trading days compared to May.
In terms of
total volumes, while Cboe FX generated $965.4 billion, 360T’s came in at $537.2
billion. On the other hand, Click365 posted a trading volume of 28 million
contracts, translating to an MoM growth of 10.4%.
USD LIBOR ceases; MetaTrader Web Terminals change addresses; read today’s news nuggets.
FXSpotStream
released its trading metrics for June 2023 today (Monday), reporting its second
consecutive month of growth in total trading volume following a significant dip
in April. Last month, the total volume recorded by the New Jersey-based
provider of multibank price streaming services for FX spot and swaps, climbed
by 9% month-over-month (MoM) to $1.39 trillion, rising from $1.28 trillion
generated in May.
In the
latest figure, FXSpotStream reported an increase of 13.5% in its average daily
volume (ADV). This is as the daily average rose from $55.5 billion in May to
approximately $63 billion last month.
Earlier in
May, total volumes had risen by 14% MoM to $1.28 trillion, with the
daily average increasing marginally by 0.4% to $55.5 billion. These figures trailed 28%
and 17.2% decreases in total
volume and ADV, respectively, recorded in April.
However, while FXSpotStream’s
latest total monthly and daily average volumes represent a two-month high, they
failed to break above the best performance recorded so far this year: $1.54
trillion in total volume and $66.8 billion in daily average, which were posted in
March.
Finance Magnates reported that FXSpotStream’s volumes jumped during
the first three months of 2023, only dropping for the first time in
April.
Spot FX
Market Rises for 2nd Month in a Row
Meanwhile, the two-month consecutive increase
in spot FX volume is not unique
to FXSpotStream, whose European arm recently grew its net profit by
34%. According
to the latest data from Cboe FX Markets, Deutsche Börse’s 360T, and Tokyo
Financial Exchange’s Click365, the demand for institutional forex trading rebounded in June for the second consecutive
month, despite a
lower number of trading days compared to May.
In terms of
total volumes, while Cboe FX generated $965.4 billion, 360T’s came in at $537.2
billion. On the other hand, Click365 posted a trading volume of 28 million
contracts, translating to an MoM growth of 10.4%.
USD LIBOR ceases; MetaTrader Web Terminals change addresses; read today’s news nuggets.
