FX Spot Stream Reports Spike in June Volume Data - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.


FX Spot Stream Reports Spike in June Volume Data

July 8, 2020

FX Spot Stream LLC, a leading multi bank forex streaming aggregate & matching service provider revealed spike in monthly and half yearly volume data. The New Jersey based financial service provider is a wholly owned subsidiary of JP Morgan Chase Holdings LLC and is renowned for its no-cost multi-bank services across forex & rare metals price aggregation and matching platform, forwards, swaps, NDF and liquidity services. The firm’s platform is used by banks as a market utility infrastructure tool to connect their clients with liquidity providers. Some of its well known liquidity providers include Bank of America Merrill Lynch, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, MUFG Bank, Standard Chartered, State Street and UBS.

The firm has offices across three primary market regions to cover a global client base with offices located in New Jersey, London and Tokyo. The firm recently published its June 2020 trading volume data which saw its third highest ever recorded monthly readings in terms of ADV which stands at USD 43.28 Billion. This reading is a 19.88% increase compared to previous month – May’2020. The firm’s overall volume stood at USD 952.323 billion a 25.59% spike when viewed in MoM perspective and a 12.68% spike when viewed in YoY basis. The ADV readings on YoY basis saw a 2.44% spike in readings while the readings for 2020 since start of this year (Jan-June) stands at USD 43.425 billion – an 18.66% spike compared to previous readings of USD 36.595 billion for the same period.

The June ADV readings of FX Spot Stream is up by 22.25% when compared with readings of rival CBOE Hotspot which stands at USD 34.621 for the same period. According to data from the firm, it has managed to stand higher against the above mentioned rival on every monthly reading since November of 2018 with exception of one month. It should also be noted that ADV readings published by the firm is calculated based on 22 trading days of the month.

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